Insights
Economic research and analysis with interactive charts, powered by our macro data pipeline.
Producer Prices Jump 1.1% in May, Lifting Annual PPI to 6.5%
Producer prices accelerated sharply in May, with the Producer Price Index for final demand rising 1.1 percent for the month on a seasonally adjusted basis. That
InflationU.S. CPI Rises 0.5% in May, Annual Rate Climbs to 4.2% on Energy
The Consumer Price Index rose 0.5 percent in May on a seasonally adjusted basis, a slight cooling from the 0.6 percent pace logged in April but still firm enoug
TradeU.S. Trade Deficit Narrows to $55.9 Billion in April 2026
The U.S. goods and services trade deficit narrowed to $55.9 billion in April 2026, down $0.7 billion from a revised $56.6 billion in March, according to the joi
LaborPayrolls Add 172,000 in May, Unemployment Holds at 4.3%
The U.S. labor market held its footing in May, with nonfarm payrolls rising +172,000 — nearly matching April's revised gain — while the unemployment rate remain
GDPU.S. GDP Growth Cut to 1.6% in Q1 2026 Second Estimate
The U.S. economy expanded more slowly in the first quarter of 2026 than initially reported. Real gross domestic product grew at an annual rate of 1.6 percent, a
InflationPCE Inflation Rises 3.8% YoY, Core Holds at 3.3% in April 2026
The Federal Reserve's preferred inflation gauge moved in the wrong direction in April 2026, as the Bureau of Economic Analysis reported that the headline PCE pr
ConsumerDurable Goods Orders Surge 7.9% in April on Aircraft, But Core Capex Slips
New orders for manufactured durable goods jumped 7.9 percent in April to $346.0 billion, the second consecutive monthly gain and a sharp acceleration from March
InflationU.S. Producer Prices Surge 1.4% in April, Annual Rate Hits 6.0%
Producer prices at the final demand level surged 1.4 percent in April on a seasonally adjusted basis — the largest monthly advance since March 2022 — pushing th
InflationU.S. Import Prices Surge 4.2% YoY, Export Prices Jump 8.8% YoY in April 2026
U.S. trade prices accelerated sharply in April 2026, with import prices rising 1.9 percent on the month and 4.2 percent year-over-year — the largest 12-month ad
LaborPayrolls Add 115K in April, Unemployment Holds at 4.3%
The U.S. labor market posted a modest gain in April 2026, with nonfarm payrolls rising by 115,000 — a pace that reflects a market running well below the prior y
InflationCPI Jumps 3.8% YoY in April 2026 as Energy Surge Drives Headline Acceleration
The Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers rose 0.6 percent on a seasonally adjusted basis in April 2026, ste
GDPU.S. GDP Grows 2.0% in Q1 2026, PCE Inflation Jumps to 4.5%
The U.S. economy expanded at an annualized rate of 2.0% in the first quarter of 2026, according to the Bureau of Economic Analysis advance estimate — a signific
InflationPCE Inflation Rises to 3.5% YoY, Core Holds at 3.2% in March 2026
The Federal Reserve's preferred inflation gauge accelerated in March 2026, with the headline PCE price index climbing 3.5% year-over-year — up from the prior mo
InflationU.S. Import Prices Rise 2.1%, Export Prices Surge 5.6% YoY in March 2026
U.S. trade prices accelerated sharply in March 2026, with import prices climbing 2.1% year-over-year and export prices surging 5.6% over the same period — the l
InflationProducer Price Index March 2026: Energy Surge Drives 4.0% Annual Rate
Producer prices at the final demand level rose 0.5 percent in March, matching February's pace and extending a run of firm monthly readings that has pushed the 1
LaborMarch 2026 Jobs Report: Payrolls Rebound 178K, Health Care Leads
The U.S. labor market posted a solid rebound in March 2026, with nonfarm payrolls rising 178,000 after an unusually sharp decline the prior month. The unemploym
InflationCPI March 2026: Energy Surge Drives Headline to 3.3% as Core Holds Steady
The Consumer Price Index for All Urban Consumers rose 0.9 percent on a seasonally adjusted basis in March 2026, a sharp acceleration from February's 0.3 percent
InflationCore PCE Holds at 3.0% YoY in February 2026, Headline Rises to 2.8%
The Bureau of Economic Analysis released its February 2026 Personal Income and Outlays report on April 9, 2026 — delayed from its originally scheduled March 27
GDPQ4 2025 GDP Final: Growth Revised Down to 0.5% as Shutdown Weighs
The Bureau of Economic Analysis delivered its definitive verdict on the fourth quarter of 2025: the U.S. economy expanded at an annualized rate of just 0.5 perc
ConsumerDurable Goods Orders Fall 1.4% in February as Aircraft Bookings Plunge 28.6%
New orders for manufactured durable goods fell 1.4% in February 2026, dropping $4.4 billion to $315.5 billion — the fourth decline in the last five months. The
TradeU.S. Trade Deficit Widens to $57.3B in February 2026, Down 52% Year-Over-Year
The U.S. goods and services trade deficit widened to $57.3 billion in February 2026, up $2.7 billion from a revised $54.7 billion in January — a 4.9% month-over
ConsumerU.S. Retail Sales Rise 0.6% in February, Up 3.7% Year-Over-Year
U.S. retail and food services sales rebounded in February 2026, rising 0.6 percent to $738.4 billion — a solid recovery from the revised 0.1 percent slip in Jan
TradeU.S. Net International Investment Position Hits –$27.5 Trillion at End of 2025
The United States ended 2025 as a deeper net debtor to the rest of the world than at any prior point on record. The U.S. net international investment position (
TradeU.S. Current-Account Deficit Narrows 20.2% to $190.7B in Q4 2025
The U.S. current-account deficit narrowed sharply in the final quarter of 2025, offering a notable reprieve after a year marked by historic imbalances. The defi
InflationCore PCE Holds at 3.1% YoY, Headline at 2.8% in January 2026
The Bureau of Economic Analysis released its January 2026 Personal Income and Outlays report on March 13, delayed from its original February 26 schedule due to
GDPU.S. GDP Growth Revised Down to 0.7% in Q4 2025, Full-Year Expansion Holds at 2.1%
The Bureau of Economic Analysis's second estimate of fourth-quarter 2025 GDP delivered a significant downward surprise: real GDP grew at an annualized rate of j
TradeU.S. Trade Deficit Narrows Sharply to $54.5B in January 2026
The U.S. goods and services trade deficit narrowed sharply in January 2026, falling $18.4 billion to $54.5 billion — the smallest monthly deficit since late 202
ConsumerU.S. Services Revenue Rises 0.8% in Q4 2025, Up 6.7% Year-Over-Year
The Census Bureau's full Quarterly Services Survey for Q4 2025 confirms that U.S. selected services total revenue reached $6.16 trillion, rising 0.8 percent fro
InflationCPI Holds at 2.4% YoY in February 2026, Core Steady at 2.5%
Consumer prices rose 0.3 percent in February on a seasonally adjusted basis, nudging up from January's 0.2 percent gain, while the 12-month all-items rate held
LaborU.S. Payrolls Fall 92K in February as Strike Hits Health Care, Unemployment Holds at 4.4%
The U.S. labor market turned negative in February 2026, with nonfarm payrolls falling by 92,000 — the establishment survey's clearest sign of deterioration in r
InflationProducer Prices Rise 2.9% YoY in January 2026, Core Up 3.4% as Services Surge
Producer prices accelerated into 2026, with the final demand Producer Price Index rising 0.5 percent in January on a seasonally adjusted basis — the fastest mon
GDPU.S. GDP Slows to 1.4% in Q4 2025, Shutdown Shaved 1.0pp from Growth
The U.S. economy expanded at an annualized rate of 1.4 percent in the fourth quarter of 2025, according to the Bureau of Economic Analysis's advance estimate —
ConsumerU.S. Services Revenue Rises 0.8% in Q4 2025, Up 6.7% Year-Over-Year
The Census Bureau's Advance Quarterly Services Survey for Q4 2025 shows total selected services revenue reached $6.2 trillion on a seasonally adjusted basis, ri
GDPQ2 2025 GDP Finalized at 3.8% — Strongest Quarter in Over a Year
The U.S. economy grew at a 3.8 percent annual rate in the second quarter of 2025, according to the Bureau of Economic Analysis's final third estimate — a signif