PNC Economics Research

Why SOFR Has Gone Soft

Looking at the material softening we’ve seen in funding markets since late-January, what it means, and what might be driving it.

29 May 2026 | Isfar Munir

Everything You Didn't Want to Know About the Repo Market

Understanding the repo market - the hidden plumbing of monetary policy and the backbone of financial system liquidity.

28 May 2026 | Rafael Shifren, Isfar Munir, Brian LeBlanc

CPI Inflation Matches Topline Expectations at 0.6% Monthly Gain in April 2026

Topline CPI inflation posted another significant rise in April 2026, up 3.8% versus one year ago.

12 May 2026 | Kurt Rankin

Consumer Health Check

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

Read Consumer Health Check

Data Releases

Unemployment Insurance Claims rose by 5,000 for the week ending May 23

Insured Unemployment is down by 6.8% versus one year ago through May 16.

May 28 2026 | Kurt Rankin

Inflation Still High in April, With Real Income Down 1% Over the Past Year

Nominal after-tax income fell 0.1% in April. Real after-tax income was
down more than 1% from a year earlier.

May 28 2026 | Gus Faucher

First Quarter GDP Growth Revised Down in the Second Estimate

Real GDP increased at annualized 1.6% in the first quarter in the second print – down from the initial estimate of 2.0%.

May 28 2026 | Jay Hawkins

U.S. Home Prices Dip in March After Seven-Month Climb

The Case-Shiller national home price index fell 0.2% in March after rising seven straight months.

May 26 2026 | Ershang Liang

Consumer Confidence Slipped in May

Consumer confidence dropped to 93.1 in May from an upwardly revised reading of 93.8 in April.

May 26 2026 | Jay Hawkins

Consumer Sentiment Plunged to an All Time Low in May

Consumer sentiment fell to a record low of 44.8 in the final May re ading .

May 22 2026 | Jay Hawkins

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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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