PNC Economics Research

Real GDP Rose 2.0% in 2026Q1, Below Expectations

Real Gross Domestic Product (GDP) growth accelerated to 2.0% in the first quarter of 2026.

30 April 2026 | Kurt Rankin

What to expect from a Warsh-led Fed

With Kevin Warsh’s chair term set to begin in the coming weeks, we look over his history of views on the Fed with emphasis on his recent Senate confirmation hearing.

30 April 2026 | Rafael Shifren | Isfar Munir

FOMC Keeps Fed Funds Rate Unchanged

The FOMC kept the fed funds rate unchanged in a range between 3.50% and 3.75%.

29 April 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

ISM Manufacturing Unchanged in April 2026 at 52.7

The Institute for Supply Management (ISM) reported a topline result of 52.7
for April 2026, matching the prior month’s result.

01 May 2026 | Kurt Rankin

Personal Income and Spending Exceed Expectations

Nominal personal income rose 0.6% in March, while inflation adjusted personal income fell 0.1%.

30 April 2026 | Jay Hawkins

Initial Jobless Claims Hit Lowest Level Since 1969

Initial jobless claims fell by 26,000 to 189,000 in the week ending April 25.

30 April 2026 | Ershang Liang

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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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