Chris Holman speaks with Kurt Rankin, Vice President and Economist for The PNC Financial Services Group, Pittsburgh, PA, headquarters.
Their topic covers PNC just releasing its monthly National Economic Outlook for July, which can be accessed: www.pnc.com/content/dam/pnc-com…21/NEO_July2021.pdf
To hear Kurt and Chris review the findings, click play on the podcast shared below:
Top bullet points from the NEO:
- The National Bureau of Economic Research announced that the recession ended in April 2020.
- The Delta variant of the coronavirus does not change the economic outlook. The U.S. economy will continue to expand strongly through the rest of 2021 and throughout 2022. Strong growth in consumer spending, housing, business investment, and exports will drive growth.
- PNC now expects the Federal Open Market Committee to raise the federal funds rate in mid-2023.
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.