Insights on economic and market events.
Subscribe to receive insights from NISA’s thought leaders.
September 22, 2026
In response to a recent post, several readers expressed their surprise that data center construction wasn’t creating more jobs. We understand the sentiment, given the ubiquity of data center construction across the media landscape and ample anecdotal evidence of booming labor demand for the projects. A deeper dive into the construction spending data helps reveal the explanation: data center construction…
September 9, 2026
The Pension Surplus Risk Index (PSRX®) fell 0.3% to 6.2%.
September 1, 2026
Equity indices gained modestly, the yield curve flattened and credit spreads were rangebound over a month in which the conflict with Iran dragged on and Kevin Warsh opened up in Jackson Hole.
July 17, 2026
David Eichhorn and Stephen Douglass discuss the communications changes that new Federal Reserve Chairman Warsh has implemented in his first month on the job. The June FOMC Statement – which was the shortest since 1994 – provided one conspicuous example of the central bank’s newly-taciturn style.
July 8, 2026
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.
