PNC Economics Research

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

Job growth weaker than expected in September, keeping the Fed on hold in October

The economy added 29k jobs in September, well below expectations.

October 02 2026 | Brian LeBlanc, Rayhan Momin

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

Consumer Health Check

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

Read Consumer Health Check

Data Releases

Initial Jobless Claims Remain Below 200K

Initial jobless claims fell slightly in the week ending October 3.

October 8 2026 | Jay Hawkins

Given Inflation Risks, FOMC Minutes Point to Another Rate Hike Later This Year

The FOMC voted unanimously to increase the fed funds rate at its mid-
September meeting citing high inflation.

October 7 2026 | Gus Faucher

August Trade Deficit Rises to the Largest Gap Outside the Early-2025 Trade Surge

The nominal U.S. goods and services trade deficit jumped 14% in August from July to $105.6 billion.

October 6 2026 | Ershang Liang

Minor Retreat Leaves ISM Services in Expansion with More Sustainable Strengths

The Institute for Supply Management (ISM) Services Purchasing Managers
Index (PMI) fell in September 2026 to 54.9.

October 5 2026 | Kurt Rankin

Strong Growth in Consumer Spending in August; Better Numbers on Saving

Nominal personal income rose 0.2% in August, with a 0.3% increase in aftertax income..

October 2 2026 | Gus Faucher

ISM Manufacturing Index Fell in September; Remains in Expansion

The Institute for Supply Management (ISM) Manufacturing Purchasing
Managers Index (PMI) fell modestly in September 2026.

October 1 2026 | Kurt Rankin

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