PNC Economics Research

FOMC Delivers a Hawkish Hold in June

The Federal Open Market Committee (FOMC) left the fed funds rate unchanged for the fourth meeting in a row.

17 June 2026 | Jay Hawkins

CPI Inflation Tops 4% in May 2026, Still Less Severe Than Anticipated

Topline CPI inflation came in at 0.5% for the month in May 2026, up 4.2%
versus one year ago.

10 June 2026 | Kurt Rankin

Better Than Expected May Jobs Report

The U.S. economy added 172,000 jobs in May, well above expectations.

05 June 2026 | Gus Faucher

Consumer Health Check

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

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Data Releases

Conference Board Leading Economic Index Rose Again in May

The Conference Board Leading Economic Index (LEI) rose 0.1% in May.

June 18 2026 | Jay Hawkins

Initial Jobless Claims Fell Slightly But Remain Historically Low

Initial jobless claims fell by 4,000 to 226,000 in the week ending June 13.

June 18 2026 | Jay Hawkins

Strong Growth in May Retail Sales, Consumers Are Holding On Despite High Gasoline Prices

Retail sales rose a better-than-expected 0.9% in May.

June 17 2026 | Gus Faucher

Housing Starts Fall Sharply in May as Multifamily Drags

Total housing starts tumbled more than 15% in May to 1.177 million units after falling 8.5% in April.

June 16 2026 | Ershang Liang

Homebuilder Confidence Weakens in June Amid Iran Conflict

Homebuilder confidence fell in June 2026, with the current single-family sales component of the NAHB index declining on the month.

June 15 2026 | Ershang Liang

Modest Gain in Industrial Production in May, With Manufacturing Flat

Industrial production rose 0.1% in May, with manufacturing output
unchanged.

June 15 2026 | Gus Faucher

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