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PNC Economics Research
Explore the comprehensive economic research hub featuring 9 expert reports from the team at PNC. Gain actionable insights into key macroeconomic indicators, including inflation trends, labor market health, and consumer spending patterns.
9 reports available
Consumer Health Check
U.S. consumer spending remains resilient at 5.3% YoY growth as fiscal support from tax refunds and the OBBBA offsets high gasoline prices. However, with pandemic-era savings exhausted, spending is expected to moderate in late 2026 as stimulus effects fade.
Retail Sales Growth in April
US retail sales rose 0.5% in April 2026, primarily due to higher gasoline prices, though core spending categories like restaurants showed resilience. Consumer growth is expected to slow in 2026 due to inflation and interest rates, despite support from tax refunds and stock market gains.
CPI Inflation Report April 2026
April 2026 CPI inflation matched expectations with a 0.6% monthly gain, though core and 'supercore' metrics showed worrying signs of re-acceleration. The report highlights how energy shocks stemming from Middle East tensions are now impacting broader consumer necessities.
PPI Inflation Surged in April 2026
April 2026 PPI surged 1.4% monthly and 6.0% annually, driven by a 7.8% spike in energy costs amid U.S.-Iran tensions. Services and Goods inflation have also accelerated, prompting PNC to forecast no further Fed easing this year.
Weekly Economic Roundup
The U.S. labor market showed continued strength in April with 115k jobs added, allowing the Fed to remain patient as it navigates inflation risks from energy and tariffs. PNC expects the Fed to remain on hold through 2026 as policy bias shifts toward neutral.
Strong Job Growth in April
The US added 115,000 jobs in April, beating expectations, while the unemployment rate remained steady at 4.3%. Persistent inflation and high energy prices are expected to keep the Federal Reserve from cutting rates through 2026.
Unemployment Insurance Claims Update May 2026
Consumer Sentiment Declines Slightly
Existing Home Sales Report April 2026
All reports
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Consumer Health Check
PNC Economics Research · May 14, 2026
Retail Sales Growth in April
PNC Economics Research · May 14, 2026
CPI Inflation Report April 2026
PNC Economics Research · May 13, 2026
PPI Inflation Surged in April 2026
PNC Economics Research · May 14, 2026
Weekly Economic Roundup
PNC Economics Research · May 13, 2026
Strong Job Growth in April
PNC Economics Research · May 13, 2026
Unemployment Insurance Claims Update May 2026
PNC Economics Research · May 14, 2026
Consumer Sentiment Declines Slightly
PNC Economics Research · May 13, 2026
Existing Home Sales Report April 2026
PNC Economics Research · May 13, 2026