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Economic and Market Updates

Insights on economic and market events.

July 17, 2026

Talk Less, Smile More: A New Era of Fed Communications

NISA’s latest Quarterly Economic Webinar focused on 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. During the webinar, David and I recapped the recent history of Fed…

July 17, 2026

Talk Less, Smile More: A New Era of Fed Communications

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

Pension Surplus Risk Index (PSRX®)

The Pension Surplus Risk Index (PSRX®) held steady at 6.6%.

July 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.

July 7, 2026

1 Minute Read

Derivatives Market Overview—June 2026

Derivatives Market Overview

July 1, 2026

Economic and Market Overview—June 2026

The equity rally broadened and credit spreads widened in the face of heavy supply. Meanwhile, the yield curve flattened after a hawkish FOMC announcement and the price of oil tumbled on evolving optimism toward a resolution to the Middle East conflict.