PNC Economics Research

Supreme Court Likely to Decide Against IEEPA Tariffs

 
The Supreme Court is expected to issue an opinion this month on the legality of tariffs imposed under the International Emergency Economic Powers Act (IEEPA). 

 14 Jan 2026 | Rayhan Momin        

Agreeing to Disagree: A divided Fed makes December a close call

 
Powell has governed the FOMC by consensus for most of his tenure as Chair. That is now beginning to change. 

 21 Nov 2025 | Brian LeBlanc        

Tariff Update: Supreme Court weighs legality of key Trump-era tariffs

 
The Supreme Court on Wednesday heard arguments on the legality of tariffs imposed under the International Emergency and Economic Powers Act (IEEPA).

 07 Nov 2025 | Rayhan Momin        

Consumer Health Check

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

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Data Releases

PPI Inflation Up 0.5% in January 2026

Final Demand PPI rose by 0.5% in January 2026.

27 February 2026 | Kurt Rankin   

December Construction Spending Rose Slightly

Total construction spending rose 0.3% in December after a small decline.

27 February 2026 | Ershang Liang   

Initial and Continuing Jobless Claims Remain Low

Initial jobless claims edged up to 212,000 in the week ending February 21.

26 February 2026 | Jay Hawkins   

Consumer Confidence Improved Slightly in February

Consumer confidence improved 2.2 points to 91.2 in February.

24 February 2026 | Jay Hawkins   

U.S. Home Prices Continued to Rise in December

The Case-Shiller national home price index increased 0.4% in December.

24 February 2026 | Ershang Ling

Inflation Picked Up at the End of 2025

Inflation accelerated at the end of 2025, according to the Fed’s preferred measure. Tariffs are causing higher goods prices.

20 February 2026 | Gus Faucher    

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