PNC Economics Research

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

Revolutionary Technologies, Capex Cycles, and the Winding Path to Productivity

The potential impact of generative AI on the economy is likely to be profound and it bears all the hallmarks of a general-purpose technology.

October 08 2026 | Gagan Singh, Rayhan Momin, Brian LeBlanc, Justin Rosenkaimer

Consumer Health Check

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

Read Consumer Health Check

Data Releases

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

U.S. Home Prices Rise Further in August Amid Tight Inventory

The seasonally adjusted S&P Cotality Case-Shiller Home Price Index increased for a fourth consecutive month in August.

October 27 2026 | Ershang Liang

Initial Jobless Claims Slip Below 200K

Initial jobless claims fell slightly in the week ending October 17.

October 22 2026 | Jay Hawkins

The Conference Board Leading Economic Index Was Flat in September

The Conference Board Leading Economic Index (LEI) was unchanged in September.

October 22 2026 | Jay Hawkins

Housing Starts and Permits Declined in September

Total housing starts fell for a third straight month in September, down 5% to 1.221 million.

October 20 2026 | Ershang Liang

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