{"id":38,"date":"2025-09-22T10:22:03","date_gmt":"2025-09-22T10:22:03","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/?page_id=38"},"modified":"2026-09-23T20:39:34","modified_gmt":"2026-09-23T20:39:34","slug":"us-analysis","status":"publish","type":"page","link":"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/","title":{"rendered":"U.S. Analysis"},"content":{"rendered":"\n\t\t<div class=\"align-content-desktop-center align-content-mobile-center search-cta wp-block-rbc-rbc-cover\">\n\t\t\t\t\t\t\t<div\n\t\t\t\t\tclass=\"search-cta hide-on-mobile cover-background-image-container\"\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"\"\n\t\t\t\t\tstyle=\"min-height:200px;\n\t\t\t\t\t\tbackground-image: url(https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/04\/RBC-Economics-Main-Page-Hero-block.png?quality=80);\n\t\t\t\t\t\tbackground-position: 50% 83%;\n\t\t\t\t\t\tbackground-size: cover;\n\t\t\t\t\t\tbackground-repeat: no-repeat;\"\n\t\t\t\t\tloading=\"lazy\"\n\t\t\t\t>\n\t\t\t\t\t\n<div class=\"wp-block-rbc-cover__inner-container\">\n<div class=\"wp-block-group is-layout-constrained wp-container-core-group-is-layout-5e240d11 wp-block-group-is-layout-constrained\">\n<h4 class=\"wp-block-heading has-text-align-center mar-t-0 mar-b-0 mob-mar-b-0 has-white-color has-text-color has-link-color wp-elements-1\" id=\"h-data-driven-in-depth-analysis-and-unique-insights\">Data-driven, in-depth analysis and unique insights<\/h4>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-a007fe3e-2ec2-40a0-b121-9cbf943b1767\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\n<form method=\"get\" action=\"https:\/\/www.rbc.com\/en\/economics\/\"><label class=\"wp-block-search__label screen-reader-text\" for=\"wp-block-search__input-1\">Search<\/label><div class=\"wp-block-search__inside-wrapper\" style=\"width: 100%\"><input class=\"wp-block-search__input has-text-sm-font-size\" id=\"wp-block-search__input-1\" placeholder=\"Search over 700 articles\" value=\"\" type=\"search\" name=\"s\" \/><button aria-label=\"Search\" class=\"wp-block-search__button has-background has-rbc-bright-blue-tint-1-background-color has-text-sm-font-size has-icon wp-element-button\" type=\"submit\"><svg viewbox=\"0 0 24 24\" width=\"24\" height=\"24\">\n\t\t\t\t\t<path d=\"M13 5c-3.3 0-6 2.7-6 6 0 1.4.5 2.7 1.3 3.7l-3.8 3.8 1.1 1.1 3.8-3.8c1 .8 2.3 1.3 3.7 1.3 3.3 0 6-2.7 6-6S16.3 5 13 5zm0 10.5c-2.5 0-4.5-2-4.5-4.5s2-4.5 4.5-4.5 4.5 2 4.5 4.5-2 4.5-4.5 4.5z\"><\/path>\n\t\t\t\t<\/svg><\/button><\/div><\/form><\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div\n\t\t\t\t\tclass=\"search-cta hide-on-desktop cover-background-image-container\"\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"\"\n\t\t\t\t\tstyle=\"min-height:250px;\n\t\t\t\t\t\tbackground-image: url(https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/04\/RBC-Economics-Main-Page-Hero-block.png?quality=80);\n\t\t\t\t\t\tbackground-position: 52% 100%;\n\t\t\t\t\t\tbackground-size: cover;\n\t\t\t\t\t\tbackground-repeat: no-repeat;\"\n\t\t\t\t\tloading=\"lazy\"\n\t\t\t\t>\n\t\t\t\t\t\n<div class=\"wp-block-rbc-cover__inner-container\">\n<div class=\"wp-block-group is-layout-constrained wp-container-core-group-is-layout-5e240d11 wp-block-group-is-layout-constrained\">\n<h4 class=\"wp-block-heading has-text-align-center mar-t-0 mar-b-0 mob-mar-b-0 has-white-color has-text-color has-link-color wp-elements-1\" id=\"h-data-driven-in-depth-analysis-and-unique-insights\">Data-driven, in-depth analysis and unique insights<\/h4>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-a007fe3e-2ec2-40a0-b121-9cbf943b1767\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\n<form method=\"get\" action=\"https:\/\/www.rbc.com\/en\/economics\/\"><label class=\"wp-block-search__label screen-reader-text\" for=\"wp-block-search__input-1\">Search<\/label><div class=\"wp-block-search__inside-wrapper\" style=\"width: 100%\"><input class=\"wp-block-search__input has-text-sm-font-size\" id=\"wp-block-search__input-1\" placeholder=\"Search over 700 articles\" value=\"\" type=\"search\" name=\"s\" \/><button aria-label=\"Search\" class=\"wp-block-search__button has-background has-rbc-bright-blue-tint-1-background-color has-text-sm-font-size has-icon wp-element-button\" type=\"submit\"><svg viewbox=\"0 0 24 24\" width=\"24\" height=\"24\">\n\t\t\t\t\t<path d=\"M13 5c-3.3 0-6 2.7-6 6 0 1.4.5 2.7 1.3 3.7l-3.8 3.8 1.1 1.1 3.8-3.8c1 .8 2.3 1.3 3.7 1.3 3.3 0 6-2.7 6-6S16.3 5 13 5zm0 10.5c-2.5 0-4.5-2-4.5-4.5s2-4.5 4.5-4.5 4.5 2 4.5 4.5-2 4.5-4.5 4.5z\"><\/path>\n\t\t\t\t<\/svg><\/button><\/div><\/form><\/div>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\n\n\n\n\n<div class=\"wp-block-group alignfull pad-t-dbl mob-pad-t-dbl pad-b-dbl mob-pad-b-dbl pad-l-0 mob-pad-l-0 pad-r-0 mob-pad-r-0 has-background is-layout-constrained wp-block-group-is-layout-constrained\" style=\"background-color:#f3f4f5\">\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<div class=\"wp-block-columns mar-b-0 mob-mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9700ed09 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 id=\"h-latest-insights\" class=\"wp-block-heading mar-b-hlf mob-mar-b-hlf\">Latest Insights<\/h3>\n\n\n\t\t<div class=\"wp-block-rbc-rbccom-latest-posts one-column is-style-type-4\">\n\t\t\t\n\t\t\t\n<article class=\"post-card thought-leadership-template\">\n\t\t\t<div class=\"post-image\">\n\t\t\t<img\n\t\t\t\tsrc=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/04\/inf-US.png?quality=80&#038;w=1024\"\n\t\t\t\talt=\"US October CPI: No quick fix for inflation in sight\"\n\t\t\t\/>\n\t\t<\/div>\n\t\t<div class=\"post-content\">\n\t\t<h4 class=\"post-title\">\n\t\t\t<a href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/us-october-cpi-no-quick-fix-for-inflation-in-sight\/\">\n\t\t\t\tUS October CPI: No quick fix for inflation in sight\t\t\t<\/a>\n\t\t<\/h4>\n\n\t\t\t\t\t<p class=\"post-date\">November 10, 2026<\/p>\n\t\t\t\n\t<\/div>\n<\/article>\n\t\t<\/div>\n\t\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 id=\"h-u-s-week-ahead\" class=\"wp-block-heading mar-b-hlf mob-mar-b-hlf\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/us-week-ahead\/\" target=\"_blank\" data-dig-id=\"LP-38-a5383954\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"U.S. Week Ahead\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">U.S. Week Ahead<\/a><\/h3>\n\n\n\t\t<div class=\"wp-block-rbc-rbccom-latest-posts one-column is-style-type-4\">\n\t\t\t\n\t\t\t\n<article class=\"post-card thought-leadership-template\">\n\t\t\t<div class=\"post-image\">\n\t\t\t<img\n\t\t\t\tsrc=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/FG.webp?quality=80&#038;w=1024\"\n\t\t\t\talt=\"The energy inflation spillover is imminent\"\n\t\t\t\/>\n\t\t<\/div>\n\t\t<div class=\"post-content\">\n\t\t<h4 class=\"post-title\">\n\t\t\t<a href=\"https:\/\/www.rbc.com\/en\/economics\/us-week-ahead\/the-energy-inflation-spillover-is-imminent\/\">\n\t\t\t\tThe energy inflation spillover is imminent\t\t\t<\/a>\n\t\t<\/h4>\n\n\t\t\t\t\t<p class=\"post-date\">November 5, 2026<\/p>\n\t\t\t\n\t<\/div>\n<\/article>\n\t\t<\/div>\n\t\t<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t mob-pad-t\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 id=\"h-featured-video\" class=\"wp-block-heading mar-b-hlf mob-mar-b-hlf\">Featured Video<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9ba6dbca wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"video-wpr\"><video class=\"video-player video-js\" poster=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/09\/Horizontal-Thumbnail.png\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/09\/English-version-Horizontal_3.mp4\" data-dig-id=\"LP-38-38852dbd\" data-dig-category=\"LP\" data-dig-action=\"video play\" data-dig-label=\"English-version-Horizontal_3.mp4\"><p class=\"vjs-no-js\">To view this video please enable JavaScript, and consider upgrading to a web browser that <a href=\"http:\/\/videojs.com\/html5-video-support\/\" target=\"_blank\" rel=\"noopener\">supports HTML5 video<\/a><\/p><track kind=\"captions\" src=\"\" srclang=\"en\" label=\"English\" \/><\/video><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column pad-t mob-pad-t pad-b mob-pad-b pad-l mob-pad-l pad-r mob-pad-r has-background is-layout-flow wp-block-column-is-layout-flow\" style=\"background-color:#f3f7f8\">\n<h4 id=\"h-three-developments-to-keep-an-eye-on-in-the-u-s-economy\" class=\"wp-block-heading mar-b-hlf mob-mar-b-hlf has-rbc-bright-blue-tint-1-color has-text-color has-link-color wp-elements-7\"><br><a href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/september-executive-briefing-what-to-watch-in-the-final-quarter-of-2026\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-dig-id=\"LP-38-81183a49\" data-dig-label=\"Five themes for the US economy in 2026\" data-dig-action=\"link click\" data-dig-category=\"LP\" class=\"rbc-link-format\">Three developments to keep an eye on in the U.S. economy<\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Inflation, jobs and the Federal Reserve have been making headlines in the U.S. this month. But, we have our eye on three other drivers in the U.S. economy to pay attention to heading into 2027. RBC Economics\u2019 Frances Donald explains.\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 id=\"h-featured-analysis\" class=\"wp-block-heading mob-mar-b-hlf mar-b-hlf mar-t-dbl mob-mar-t\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/category\/us-analysis\/us-featured-analysis\/\" target=\"_blank\" data-dig-id=\"LP-38-76f02de7\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Featured Analysis\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Featured Analysis<\/a><\/h2>\n\n\n\n\t\t<div class=\"mar-b mob-mar-b-hlf wp-block-rbc-resources-by-category\">\n\t\t\t<div class=\"carousel-wpr top-controls rbc-resources-by-category-slider\" role=\"region\" aria-label=\"Carousel with 6slides\" data-per-page=6 data-visible-slide=\"3\" data-infinite-loop=\"true\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"carousel-ctrl display-ctrl\">\n\t\t\t\t\t\t\t<div class=\"carousel-indicators\">\n\t\t\t\t\t\t\t\t<ul class=\"slick-dots\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"slick-active\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<button class=\"carousel-prev slick-arrow\"><\/button>\n\t\t\t\t\t\t\t<button class=\"carousel-next slick-arrow\"><\/button>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"col-wpr carousel-inner slick-initialized\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-16762\" class=\"carousel-item col-4 resources-by-category-card post-16762 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-inflation tag-jobs tag-labour-market tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/the-economic-pressures-shaping-the-2026-midterms-in-five-maps\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">The economic pressures shaping the 2026 midterms in five maps<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">October 29, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-16679\" class=\"carousel-item col-4 resources-by-category-card post-16679 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-fed tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/fomc-recap-this-is-not-a-1980s-hiking-cycle\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-US.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">FOMC recap: This is not a 1980s&#8217; hiking cycle<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">October 28, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-16153\" class=\"carousel-item col-4 resources-by-category-card post-16153 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-gdp tag-inflation tag-jobs tag-labour-market tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/the-price-of-us-strength-is-getting-steeper\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-U.S.-Monthly-Executive-Briefing.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">October Executive Briefing:\u00a0The price of US strength is getting steeper<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">October 22, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-15319\" class=\"carousel-item col-4 resources-by-category-card post-15319 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/pce-deflator-update-a-retroactive-revision-not-a-disinflationary-signal\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-US.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">PCE deflator update: A retroactive revision, not a disinflationary signal<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">September 24, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-15246\" class=\"carousel-item col-4 resources-by-category-card post-15246 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-inflation tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/understanding-pce-deflators-a-primer-on-the-feds-preferred-inflation-measure\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">Understanding PCE deflators: The Fed&#8217;s preferred measure of inflation<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">September 24, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-15196\" class=\"carousel-item col-4 resources-by-category-card post-15196 post type-post status-publish format-standard has-post-thumbnail hentry category-us-featured-analysis category-us-analysis tag-economy tag-gdp tag-inflation tag-jobs tag-labour-market tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/september-executive-briefing-what-to-watch-in-the-final-quarter-of-2026\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-U.S.-Monthly-Executive-Briefing.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">September Executive Briefing: What to watch in the final quarter of 2026<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">September 23, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t\n\n\n<h2 id=\"h-data-flashes\" class=\"wp-block-heading mob-mar-b-hlf mar-b-hlf mar-t-dbl mob-mar-t\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/\" target=\"_blank\" data-dig-id=\"LP-38-c94f8b8d\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Data Flashes\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Data Flashes<\/a><\/h2>\n\n\n\n\t\t<div class=\"mar-b mob-mar-b-hlf wp-block-rbc-resources-by-category\">\n\t\t\t<div class=\"carousel-wpr top-controls rbc-resources-by-category-slider\" role=\"region\" aria-label=\"Carousel with 6slides\" data-per-page=6 data-visible-slide=\"3\" data-infinite-loop=\"true\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"carousel-ctrl display-ctrl\">\n\t\t\t\t\t\t\t<div class=\"carousel-indicators\">\n\t\t\t\t\t\t\t\t<ul class=\"slick-dots\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"slick-active\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"\"><button type=\"button\"><\/button><\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<button class=\"carousel-prev slick-arrow\"><\/button>\n\t\t\t\t\t\t\t<button class=\"carousel-next slick-arrow\"><\/button>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"col-wpr carousel-inner slick-initialized\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-17240\" class=\"carousel-item col-4 resources-by-category-card post-17240 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-inflation tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/us-october-cpi-no-quick-fix-for-inflation-in-sight\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/04\/inf-US.png?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">US October CPI: No quick fix for inflation in sight<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">November 10, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-17159\" class=\"carousel-item col-4 resources-by-category-card post-17159 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-jobs tag-labour-market tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/us-employment-report-labor-market-firing-on-all-cylinders\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-Jobs-Labour-market-1.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">US Employment Report: Labor market firing on all cylinders<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">November 6, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-16739\" class=\"carousel-item col-4 resources-by-category-card post-16739 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-gdp tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/full-steam-ahead-us-gdp-growth-accelerates-in-q3\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-GDP-U.S.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">Full steam ahead: US GDP growth accelerates in Q3<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">October 29, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-15893\" class=\"carousel-item col-4 resources-by-category-card post-15893 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-inflation tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/us-september-cpi-early-signs-of-energy-price-spillover\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/04\/inf-US.png?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">US September CPI: Early signs of energy price spillover<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">October 14, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-15472\" class=\"carousel-item col-4 resources-by-category-card post-15472 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-jobs tag-labour-market tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/september-jobs-report-softer-headlines-sturdy-foundations\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/06\/RBC-Economics-Jobs-Labour-market-1.webp?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">September jobs report: Softer headlines, sturdy foundations<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">October 2, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<article id=\"post-14629\" class=\"carousel-item col-4 resources-by-category-card post-14629 post type-post status-publish format-standard has-post-thumbnail hentry category-us-data-flashes category-us-analysis tag-economy tag-inflation tag-u-s\">\n\t\t\t\t\t\t\t\t\t\t<a target=\"_self\" href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-data-flashes\/us-august-cpi-inflation-is-moving-in-the-wrong-direction\/\">\n\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"mar-b resources-by-category-image-container\" style=\"background-image:url('https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/04\/inf-US.png?quality=80&#038;w=1024)\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"resources-by-category-card-content\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h4 class=\"mar-b-hlf mar-t-0 truncate-third-line\">US August CPI: Inflation Is Moving in the Wrong Direction<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"post-date\">September 11, 2026<\/p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t<\/div>\n<\/section>\n\n\n\n<div class=\"wp-block-group is-layout-constrained 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