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Economic and Market Updates

Insights on economic and market events.

May 13, 2026

April CPI: Hot Print, Cold Comfort

CPI inflation printed above expectations for the month of April. The figure was biased higher by a statistical quirk dating back to the government shutdown, and there are good reasons to believe the underlying inflation trend is lower than recent readings suggest. Nevertheless, headline inflation at 3.78% y/y presents a challenging backdrop as Kevin Warsh advances through the confirmation process…

June 1, 2026

Economic and Market Overview—May 2026

The equity rally persisted, credit spreads tightened and the price of oil tumbled, as markets leaned into hopes for a deal with Iran. In Treasuries, the front end led yields higher, as CPI exceeded expectations and Kevin Warsh replaced Jerome Powell as Fed Chairman.

May 22, 2026

Pension Surplus Risk Index (PSRX®)

The Pension Surplus Risk Index (PSRX®) fell to 6.3%, as equity and rate volatility decreased.

May 5, 2026

1 Minute Read

Derivatives Market Overview—April 2026

Derivatives Market Overview

April 24, 2026

One Supply Shock After Another

Watch the webinar discussion between David Eichhorn and Stephen Douglass as they share NISA’s thoughts on Q1 economic and market highlights and look ahead.

April 8, 2026

Pension Risk Transfer (PRT)

NISA’s Pension Risk Transfer (PRT) Credit Risk Monitor is a market-based measure of the relative credit risk of common PRT annuity providers (“insurers”) designed to assist fiduciaries in identifying a “safest annuity available” PRT provider as required by the Department of Labor’s Interpretive Bulletin 95-1.