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Economic and Market Updates

Insights on economic and market events.

October 3, 2025

Alternative Labor Data Aren’t Encouraging

Spare a thought for your local financial economist today. The shutdown has deprived us of BLS data and our favorite day of the month spent digging through the details of the U.S. labor market. We are left no choice but to resort to second-tier and alternative sources of labor market data. They do not paint an encouraging picture as we…

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 Surplus Risk Index (PSRX®)

Driven by increased equity volatility, the Pension Surplus Risk Index (PSRX®) edged up to 5.4%.

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.

October 1, 2025

1 Minute Read

Derivatives Market Overview — September 2025

Derivatives Market Overview

October 1, 2025

Economic and Market Overview — September 2025

Federal Reserve officials increasingly signaled an imminent rate cut as employment data disappointed. Equity markets powered ahead, but credit spreads ultimately failed to follow suit and the yield curve steepened due in part to concerns over threats to the independence of the U.S. central bank.