PNC Economics Research

No Change to Fed Funds Rate, Little in Statement on Iran

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

18 March 2026 | Gus Faucher  

February Job Losses Raise Labor Market Concerns

The U.S. economy lost 92,000 jobs in February, well below the consensus
expectation for a gain of 65,000.

6 March 2026 | Gus Faucher  

Economic Consequences of the Iran Conflict

The United States and Israel conducted coordinated strikes over the weekend on Iran that killed Iran’s Supreme Leader.

2 March 2026 | Brian LeBlanc  

Consumer Health Check

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

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Data Releases

Consumer Sentiment Falls to Near-Record Low

Consumer sentiment fell close to a record low in March, according to a survey from the University of Michigan.

27 March 2026 | Gus Faucher

Initial Jobless Claims Tick Up But Remain Low

Initial jobless claims rose by 5,000 to 210,000 in the week ending March 21.

26 March 2026 | Jay Hawkiins

January Construction Spending Declines

Total construction spending fell 0.3% in January, but was revised much higher in December.

23 March 2026 | Ershang Liang

Initial Jobless Claims Tick Down to the Lowest Since January

Initial jobless claims fell by 8,000 to 205,000 in the week ending March 14.

19 March 2026 | Jay Hawkins

Conference Board Leading Economic Index Slipped Again in January

The Conference Board Leading Economic Index (LEI) fell 0.1% in January.

19 March 2026 | Jay Hawkins

PPI Inflation Shoots Past Expectations

Final Demand PPI rose by 0.7% for the month in February 2026, a 3.4% rise
versus one year ago.

18 March 2026 | Kurt Rankin

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Published semi-annually, PNC's survey of small and mid-size business owners' expectations for their own businesses' performance, and their outlook for the national and regional economies are described in detail (available in March and September).

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