PNC Economics Research

Real GDP Rose 2.0% in 2026Q1, Below Expectations

Real Gross Domestic Product (GDP) growth accelerated to 2.0% in the first quarter of 2026.

30 April 2026 | Kurt Rankin

What to expect from a Warsh-led Fed

With Kevin Warsh’s chair term set to begin in the coming weeks, we look over his history of views on the Fed with emphasis on his recent Senate confirmation hearing.

30 April 2026 | Rafael Shifren | Isfar Munir

FOMC Keeps Fed Funds Rate Unchanged

The FOMC kept the fed funds rate unchanged in a range between 3.50% and 3.75%.

29 April 2026 | Gus Faucher

Consumer Health Check

Using PNC’s proprietary data to illuminate trends and risks shaping U.S. consumer health.

Read Consumer Health Check

Data Releases

Labor Market Remains Resilient With Low Initial Claims

nitial jobless claims rose by 10,000 to 200,000 in the week ending May 2.

07 May 2026 | Ershang Liang

Nonfarm Productivity and Unit Labor Cost Growth Moderate in Q1

Nonfarm productivity inched up 0.8% annualized in the first quarter.

07 May 2026 | Jay Hawkins

March Construction Spending Rebounds From Early 2026

Total construction spending rose 0.6% in March after falling for two straight months.

07 May 2026 | Ershang Liang

Total Trade Deficit Rose in March; Ongoing Conflict Disrupts Trade Flows

The nominal U.S. goods and services trade deficit rose 4.4% in March to $60.3 billion.

05 May 2026 | Ershang Liang

ISM Services Posts 53.6 for April 2026, Near Expectations

The Institute for Supply Management (ISM) reported aggregate services activity at 53.6.

05 May 2026 | Kurt Rankin

ISM Manufacturing Unchanged in April 2026 at 52.7

The Institute for Supply Management (ISM) reported a topline result of 52.7
for April 2026, matching the prior month’s result.

01 May 2026 | Kurt Rankin

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