PNC Economic Reports
Commentary
Macro
- Source
- PNC Bank
- Source Link
- https://www.pnc.com/
Publications
Consumer Credit Growth Slows Sharply in August
Oct 07, 2025
The FOMC Cut the Fed Funds Rate as Expecte
Oct 02, 2025
U.S. House Price Fell for a Fifth Straight Month in July; Price to Fall Further in 2025
Sep 30, 2025
Consumer Confidence Slips Again in September
Sep 30, 2025
Goods Trade Deficit Narrowed Sharply in August; Tariff Related Trade Swings Continue to Play Out in H2 2025
Sep 25, 2025
Existing Home Sales Down Marginally in August 2025 While Home Price Growth Picked Up Slightly
Sep 25, 2025
Modest Increase in Industrial Production in August; Growth Should Pick Up Next Year With Lower Interest Rates
Sep 17, 2025
Housing Starts and Permits Near Five-Year Low in May 2025; Homebuilding to Remain Weak Over the Near Term
Sep 17, 2025
FOMC Cuts Fed Funds Rate by 25 Basis Points, As Expected; Signals More Rate Cuts to Come This Year
Sep 17, 2025
Homebuilder Confidence Held Steady in September With Expectations Up on Expected Fed Easing
Sep 16, 2025
Consumer Sentiment Unexpectedly Slips in September
Sep 12, 2025
Preliminary Revisions to Employment Indicate Job Market Is Even Weaker Than Initially Thought in Summer of 2025
Sep 10, 2025
Weak Job Growth in August, With Worrisome Details; The Labor Market Is Quickly Softening
Sep 05, 2025
Second Quarter Productivity Growth Revised Higher, Unit Labor Costs Revised Down; Good News for Inflation
Sep 04, 2025
Moderate Growth in Consumer Spending, Personal Income in July; Core Inflation Picked Up
Aug 29, 2025
U.S. House Price Fell for a Fourth Straight Month in June; Price to Fall Further in 202
Aug 26, 2025
U.S. House Price Fell for a Fourth Straight Month in June; Price to Fall Further in 202
Aug 26, 2025
Homebuilder Confidence Fell in August With Current Sales Weakening; Expectations Held Steady
Aug 18, 2025
Homebuilder Confidence Fell in August With Current Sales Weakening; Expectations Held Steady
Aug 18, 2025
Consumer Sentiment Slid in August
Aug 15, 2025
Consumer Sentiment Slid in August
Aug 15, 2025
Moderate Growth in Retail Sales in July With Mixed Details; Consumer Spending Depends on State of Job Market
Aug 15, 2025
Industrial Production Unexpectedly Declined In July
Aug 15, 2025
FOMC Minutes: Uncertainty About Inflationary Impact of Tariffs; Near-Term Fed Funds Rate Cut Looks Unlikely
Jul 10, 2025
ISM Services Index Increased to 50.8 in June 2025
Jul 03, 2025
Consumer Confidence Unexpectedly Tumbles in June
Jun 24, 2025
Existing Home Sales Rose Marginally in May; Inflationary Risks Tilted to the Upside and Could Limit Rate Cuts
Jun 23, 2025
Leading Economic Index Slips in Ma
Jun 20, 2025
Housing Starts and Permits Near Five-Year Low in May 2025; Homebuilding to Remain Weak Over the Near Term
Jun 18, 2025
Retail Sales Down 1% in May, But Details Are Better; Consumer Spending Growth to Slow in 2025
Jun 17, 2025
Homebuilder Confidence Fell Again in June as Demand Pulled Back and Expectations Further Retreated
Jun 17, 2025
Industrial Production Unexpectedly Declines in May
Jun 17, 2025
U.S. Trade Deficit Narrowed Sharply in April 2025 With Much Higher Tariffs; Trade to Be a Drag on Growth This Year
Jun 05, 2025
Construction Spending Fell for a Third Straight Month in April; Risks Are Tilted to the Downside
Jun 02, 2025
FOMC Minutes: "Unusually Elevated" Uncertainty from Tarrifs, With Downside Risks to Growth, Upside Risks to Inflation
May 28, 2025
Consumer Confidence Rebounds Solidly in May
May 27, 2025
Retail Sales Growth Moderates Sharply in April
May 15, 2025
FOMC Holds Fed Funds Rate Unchanged Again As Expected; Risks of Higher Unemployment and Higher Inflation Have Risen
May 07, 2025
ISM Manufacturing Survey Fell to 48.7 in April 2025
May 01, 2025
Consumer Confidence Drops to Five-Year Low in April
Apr 29, 2025
Consumer Sentiment Plunged in April; Inflation Expectations Surged to the Highest Since 1981
Apr 11, 2025
CPI Inflation Declined by 0.1% in March 2025 Ahead of Tariff Impacts, up 2.4% Year-over Year
Apr 10, 2025
FOMC Minutes Note "High Degree of Uncertainty," Monetary Policy "Well Positioned to Wait for More Clarity"
Apr 09, 2025
Job Growth Better Than Expected in March at 228,000, Unemployment Rate Up Slightly as Labor Force Grows
Apr 04, 2025
ISM Services Index Fell to 50.8 in March 2025
Apr 03, 2025
US Trade Deficit Narrowed in February From a Record High, Recession Risks Have Increased with New Tariffs
Apr 03, 2025
ISM Manufacturing Survey Falls to 49.0, Disappointing on All Fronts as Tariff Realities Manifest
Apr 01, 2025
Decent Numbers for Income and Spending in February, But in a Surprise Inflation Reaccelerated
Mar 28, 2025
Single-Family Home Price Growth Picked Up Slightly at the Start of 2025 While Uncertainty Has Increased
Mar 25, 2025
Leading Economic Index Declines Again in February
Mar 20, 2025
U.S. Housing Starts Increased in February; Homebuilding Should Improve This Year, but Risks Remain
Mar 18, 2025
Initial Unemployment Insurance Fell to 221K in Week Ending March 1, Reversing the Previous Week's Rise.
Mar 06, 2025
Real GDP Growth in Q4 Unrevised at 2.3%
Feb 27, 2025
Retail Sales Drop Sharply in January; Consumers Still Well Positioned to Drive Economic Growth
Feb 14, 2025
Slower Job Growth in January, But Unemployment Rate Down Slightly as Labor Market Remains Solid at Start of 2025
Feb 07, 2025
Solid Productivity Growth Continues at the End of 2024, But Big Increase in Unit Labor Costs
Feb 06, 2025
ISM Services Fell to 52.8 in January 2025, Undershooting Expectations but Still Expansionary
Feb 05, 2025
ISM Manufacturing Breaks Into Expansionary Territory, Exceeding PNC Expectations for January 2025
Feb 03, 2025
Big Jump in Consumer Spending, More Moderate Growth in Income in December; Core Inflation Slowed
Feb 03, 2025
US Trade Deficit Widened the Most on Record in December; Trade Will Be a Drag to Q4 GDP Growth
Jan 29, 2025
FOMC Holds Fed Funds Rate Steady as Expected; Powell Says Fed Needs to See "Real Progress on Inflation" to Cut Again
Jan 29, 2025
December Home Sales Picked Up Backed by Strong Employment Gains; Existing Home Sales Still Near Decades Low
Jan 24, 2025
US Inflation Holds Upside Potential; More Interest Rate Cuts Expected From Other Major Central Banks
Jan 24, 2025
Initial Claims Rose to 217K in the Week Ending January 11, Reversing the Previous Holiday Week Declin
Jan 16, 2025
Initial Claims Rose to 217K in the Week Ending January 11, Reversing the Previous Holiday Week Decline
Jan 16, 2025
CPI Inflation Accelerated in December 2024, Up 0.4% for the Month and 2.9% Year-over-Yea
Jan 15, 2025
CPI Inflation Accelerated in December 2024, Up 0.4% for the Month and 2.9% Year-over-Year
Jan 15, 2025
Initial Claims Fell to 201K in the New Year Week; The Job Market Ended 2024 in a Strong Position.
Jan 08, 2025
FOMC Minutes Suggest December Rate Cut Was a Closer Call Than Thought, With More Gradual Easing in 202
Jan 08, 2025
FOMC Minutes Suggest December Rate Cut Was a Closer Call Than Thought, With More Gradual Easing in 2025
Jan 08, 2025
Initial Claims Fell to 201K in the New Year Week; The Job Market Ended 2024 in a Strong Position
Jan 08, 2025
US Trade Deficit Broadened In November; Trade Will Likely Be a Drag to Growth in the Fourth Quart
Jan 07, 2025
US Trade Deficit Broadened In November; Trade Will Likely Be a Drag to Growth in the Fourth Quarter
Jan 07, 2025
US Trade Deficit Broadened In November; Trade Will Likely Be a Drag to Growth in the Fourth Quarte
Jan 07, 2025
U.S. House Price Growth Continued to Slow in October as Low Affordability Remains a Problem -
Dec 31, 2024
U.S. House Price Growth Continued to Slow in October as Low Affordability Remains a Problem - 12/
Dec 31, 2024
U.S. House Price Growth Continued to Slow in October as Low Affordability Remains a Problem
Dec 31, 2024
U.S. House Price Growth Continued to Slow in October as Low Affordability Remains a Proble
Dec 31, 2024
U.S. House Price Growth Continued to Slow in October as Low Affordability Remains a Probl
Dec 31, 2024
Existing Home Sales Picked Up in November for Second Straight Month, But Still Near 15-Year Low - 12/
Dec 19, 2024
Existing Home Sales Picked Up in November for Second Straight Month, But Still Near 15-Year Low -
Dec 19, 2024
Existing Home Sales Picked Up in November for Second Straight Month, But Still Near 15-Year Lo
Dec 19, 2024
Existing Home Sales Picked Up in November for Second Straight Month, But Still Near 15-Year L
Dec 19, 2024
FOMC Cuts Fed Funds Rate as Expected, Signals More Gradual Pace of Rate Cuts Going Forward - 12/
Dec 18, 2024
FOMC Cuts Fed Funds Rate as Expected, Signals More Gradual Pace of Rate Cuts Going Forward -
Dec 18, 2024
FOMC Cuts Fed Funds Rate as Expected, Signals More Gradual Pace of Rate Cuts Going Forwar
Dec 18, 2024
FOMC Cuts Fed Funds Rate as Expected, Signals More Gradual Pace of Rate Cuts Going Forwa
Dec 18, 2024
PPI Inflation Accelerated in November 2024 to +0.4%; Strongest Pace Since June, Led by Goods Pric
Dec 12, 2024
PPI Inflation Accelerated in November 2024 to +0.4%; Strongest Pace Since June, Led by Goods Prices -
Dec 12, 2024
PPI Inflation Accelerated in November 2024 to +0.4%; Strongest Pace Since June, Led by Goods Prices - 12/
Dec 12, 2024