The newest PNC National Economic Outlook can be accessed here . Although it is dated January it was just released today. 

Here are some notes from Chief Economist Gus Faucher:

• Although the omicron variant is weighing on U.S. economic growth in early 2022, it will pick back up over the next couple of months and the recovery will continue. Consumer spending will drive above-trend growth this year, with support from housing, business investment, and trade.
• Inflation will slow in 2022 but remain above the Federal Reserve’s 2% objective.
• The Fed will raise interest rates in 2022 to reduce inflationary pressures, but growth should remain solid.
• The labor market will continue to improve over this year, with the unemployment rate returning to its pre-pandemic level of 3.5%.
• Risks to the outlook are to the downside.  

The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.