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Economic and Market Updates

Insights on economic and market events.

December 18, 2025

Heavily Distorted CPI Print Reveals Little Useful Information

The BLS today released a heavily distorted CPI report that included some information for both October and November. The BLS stopped collecting price data when the government shutdown began on October 1 and did not resume collection until November 14. Because the data are missing, the agency did not publish October index values for most components. The data were therefore…

December 5, 2025

Pension Surplus Risk Index (PSRX®)

The Pension Surplus Risk Index (PSRX®) remained steady at 5.6%.

December 3, 2025

1 Minute Read

Derivatives Market Overview — November 2025

Derivatives Market Overview

December 1, 2025

Economic and Market Overview — November 2025

Equity performance was mixed, credit spreads widened and the yield curve steepened over a month that saw the government reopen and the BLS release the September Employment Situation Report 48 days later than originally scheduled.

October 10, 2025

Sliding Into Stagflation?

Watch the webinar discussion between David Eichhorn and Stephen Douglass as they cut through the noise on the disconnect between solid growth and a stagnant labor market, the AI infrastructure boom, the inflationary impact of tariffs, and risk management cuts by a divided FOMC.

October 7, 2025

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.