PNC Economics Research

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

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

Consumer Health Check

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

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Data Releases

Existing Home Sales Rose in September, but Higher Mortgage Rates Remain a Headwind

Existing home sales rose 1.5% in September. Sales were down 2.2% from the same time last year.

October 13 2026 | Ershang Liang

Consumer Sentiment Slipped in October

Consumer sentiment slid to 46.3 in the preliminary October print from 48.1.

October 9 2026 | Jay Hawkins

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

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