PNC Economics Research

Job growth jumps in August with positive revisions

The economy added 162,000 jobs in August, nearly triple consensus expectations.

September 4 2026 | Brian LeBlanc (primary author) and Rayhan Momin

Core CPI comes in at expectations in July

Core CPI matched expectations in July, rising 0.22% m/m after outright declining in June, while the year-over-year rate eased to 2.5%.

August 12 2026 | Rayhan Momin

Who Wins When AI Models Open Up?

Open-weight models are rapidly closing the performance gap with frontier systems, shortening proprietary leadership spells and increasing the risk of model-layer commoditization.

August 7 2026 | Rayhan Momin

Consumer Health Check

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

Read Consumer Health Check

Data Releases

August inflation seals a Fed hike in September, more hikes to follow

CPI accelerated in August, increasing 0.29% on the month in the firmest inflation print since April.

September 11 2026 | Brian LeBlanc, Rayhan Momin, Isfar Munir

Consumer Sentiment Fell More Than Expected in September

Consumer sentiment slid to 47.8 from 51.7 in the preliminary September print.

September 11 2026 | Jay Hawkins

PPI Inflation Rebounded in August 2026 as Energy and Tariff Costs Resurface

Final demand producer prices were up sharply in August 2026, highlighting new threats to progress on production costs.

September 10 2026 | Kurt Rankin

Rising Mortgage Rates Weighed on Existing Home Sales in August

Existing home sales fell 2% in August. Sales were down 1.2% from the same time last year.

September 10 2026 | Ershang Liang

July Trade Deficit Reaches One-Year High

The nominal U.S. goods and services trade deficit jumped over 24% in July from June to $88.6 billion.

September 3 2026 | Ershang Liang

ISM Services PMI Exceeded Expectations on Strong New Orders

The Institute for Supply Management (ISM) Services Purchasing Managers Index (PMI) rose sharply in August 2026 to reach a six-month high of 55.4.

September 3 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