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

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

Homebuilder Confidence Edged Higher in March

Homebuilder confidence increased marginally in March 2026 , with all three components of the NAHB index edging higher.

16 March 2026 | Ershang Liang

Modest Growth in Industrial Production Continued in February

The industrial side of the economy continues its modest rebound with industrial production up 0.2% in February.

16 March 2026 | Gus Faucher

Fourth Quarter Real GDP Growth Revised Down in the Second Estimate

Real GDP increased at annualized 0.7% in the fourth quarter in the second print – well below the advance estimate of 1.4%.

13 March 2026 | Jay Hawkins

Core Inflation Moved Higher in January

Personal income rose 0.4% in January, with after-tax income up 0.9%.

13 March 2026 | Gus Faucher

Consumer Sentiment Slipped in March

Consumer sentiment fell to 5 5.5 in the preliminary March release.

March 13 2026 | Jay Hawkins

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