Pittsburgh economist explains what latest data means for your holiday budget [CBS News]
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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Source: CBS News
Inflation ticked up last month and it's a sign that price increases might be stalling. Gus Faucher, the chief economist of the PNC Financial Services Group, thinks the Federal Reserve will continue to cut interest rates leading to lower borrowing costs, meaning it's easier to do a home renovation or buy a new car. "What we're seeing is that inflation is slowing which means prices are going up now but they aren't going up as quickly as they were in 2021, 2022, 2023 and so that's good news for consumers," Faucher said. If inflation is trending down towards the target 2%, why are prices still so high? "So when you look at grocery prices now, they're about 27% higher than they were before the pandemic so they've gone up a lot over the past few years. What we're seeing now is they're only going up about 1% over the past year," Faucher said. Faucher says that's good news, but he wants consumers to know they'll never see the low prices at grocery stores they saw pre-pandemic. "I
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PNC
News
- PNC Christmas Price Index Increases 5.4%, Significantly More Than The U.S. Consumer Price Index [Yahoo! Finance]Yahoo! Finance
- PNC Christmas Price Index Increases 5.4%, Significantly More Than The U.S. Consumer Price IndexPR Newswire
- GTreasury, PNC Bank Introduce Embedded Banking Integration Through PINACLE® Connect [Yahoo! Finance]Yahoo! Finance
- GTreasury, PNC Bank Introduce Embedded Banking Integration Through PINACLE® ConnectGlobeNewswire
- WPIAL's annual Food and Fund Drive helps end hunger in Western Pennsylvania [CBS News]CBS News
PNC
Earnings
- 10/15/24 - Beat
PNC
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- 11/13/24 - Form 4
- PNC's page on the SEC website