PNC Economics Research

FOMC Hikes as Expected, as Dot Plot Points to Additional Rate Hikes

The FOMC, as widely expected, increased the fed funds rate by 25 basis points.

September 16 2026 | Gus Faucher

Job growth jumps in August with positive revisions

The economy added 162,000 jobs in August, nearly triple consensus expectations.

September 4 2026 | Brian LeBlanc (primary author) and Rayhan Momin

Core CPI comes in at expectations in July

Core CPI matched expectations in July, rising 0.22% m/m after outright declining in June, while the year-over-year rate eased to 2.5%.

August 12 2026 | 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

Larger-Than-Expected August Rebound in Retail Sales As Consumers Hold Up

Retail sales jumped 1.2% in August. The timing of Amazon’s Prime Days
provided some of the boost, but the details were solidly positive.

September 16 2026 | Gus Faucher

Homebuilder Confidence Fell to a One Year Low in September

Homebuilder confidence fell to its lowest level in a year in September 2026.

September 16 2026 | Ershang Liang

August inflation seals a Fed hike in September, more hikes to follow

CPI accelerated in August, increasing 0.29% on the month in the firmest inflation print since April.

September 11 2026 | Brian LeBlanc, Rayhan Momin, Isfar Munir

Consumer Sentiment Fell More Than Expected in September

Consumer sentiment slid to 47.8 from 51.7 in the preliminary September print.

September 11 2026 | Jay Hawkins

Rising Mortgage Rates Weighed on Existing Home Sales in August

Existing home sales fell 2% in August. Sales were down 1.2% from the same time last year.

September 10 2026 | Ershang Liang

PPI Inflation Rebounded in August 2026 as Energy and Tariff Costs Resurface

Final demand producer prices were up sharply in August 2026, highlighting new threats to progress on production costs.

September 10 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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