PNC Economics Research

Third Quarter GDP Growth Accelerated, Underscoring the Economy’s Resilience

Real GDP increased at a n annualized 3.4% in the third quarter in the initial print.

October 29 2026 | Jay Hawkins

FOMC Holds Fed Funds Rate Steady; Two Dissents for Rate Hike

The Federal Open Market Committee (FOMC) kept the fed funds rate in a
range between 3.75% and 4.00%.

October 28 2026 | Gus Faucher

Core inflation hotter than expected, October hike back in play

Core CPI came in above expectations, increasing 0.33% against an expectation of 0.2%.

October 14 2026 | Brian LeBlanc

Consumer Health Check

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

Read Consumer Health Check

Data Releases

ISM Services Index Fell in October, But Remained in Expansion

The ISM Services Index fell slightly in October but remained comfortably in
expansion.

November 4 2026 | Gus Faucher

ISM Manufacturing Index Rebounded in October, In Expansion Throughout 2026

The Institute for Supply Management’s manufacturing purchasing managers index rose in October to its second-strongest reading in 2026.

November 2 2026 | Gus Faucher

Construction spending Fell in September on a 5% contraction in residential

Total construction spending fell sharply in September from an upwardly revised August level.

November 2 2026 | Ershang Liang

Real After-Tax Income Fell in September, With Real Spending Flat

Nominal personal income rose 0.2% in September, the weakest growth since April.

October 29 2026 | Gus Faucher

September Goods Trade Deficit Reached Its Largest Level Outside the Early-2025 Trade Surge

The international goods trade deficit widened 2.1% in September.

October 28 2026 | Ershang Liang

Consumer Confidence Unexpectedly Improved in October

Consumer confidence improved to 91.7 in October after falling for three straight months.

October 27 2026 | Jay Hawkins

Subscribe to PNC Economics Research

Interested in getting our latest perspectives written by our team of experts?

Economics Research Archives

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).

Explore Latest Findings