Federal Reserve • JUNE 3, 2026

The Federal Reserve's June 3, 2026 report indicates slight to moderate economic growth in ten districts, while one district declined and another showed no change. Consumer spending was mixed, with higher-income households less affected by price increases, while loan delinquencies rose, particularly for mortgages and consumer loans. Labor market conditions remained stable, though wage growth was modest and employment hiring focused on critical roles amid economic uncertainty.

AGC Construction Data • JUNE 3, 2026

A June report from AGC Construction Data reveals that construction employment increased in 192 out of 360 U.S. metro areas, representing 53 percent of those regions, from April 2025 to April 2026. Despite this growth, concerns remain regarding resistance to data center construction and the potential failure of Congress to pass a vital highway and transit bill, which could adversely affect employment levels in the sector.

ABC • JUNE 1, 2026

A June report from the Associated Builders and Contractors (ABC) indicates that national nonresidential construction spending rose by 0.1% in April, reaching a seasonally adjusted annualized rate of $1.250 trillion. The growth was primarily driven by a 0.4% increase in public sector spending, while private nonresidential spending fell by 0.2%. The report notes continued strength in data center projects, although challenges remain due to rising material prices and decreased private sector activity.

trepp • JUNE 1, 2026

The June 1, 2026 Trepp report outlines critical economic indicators, including inflation, jobs data, the Beige Book, and consumer credit. It highlights challenges faced by the Federal Reserve, particularly in relation to rising core Personal Consumption Expenditure inflation and a soft labor market. The report also discusses job growth trends and consumer borrowing patterns, emphasizing their implications for commercial real estate and economic bifurcation.

Allegheny County Council • MAY 26, 2026

The May 26 Allegheny County Council agenda lists election of the Council President, public comment periods, board appointments, and multiple ordinance and motion items, including a proposed referendum question and bond-related legislation.

Allegheny County Council • MAY 26, 2026

The Allegheny County Council meeting held on May 26, 2026, included the election of Council Member Michelle Naccarati-Chapkis as President and the approval of minutes from the previous meeting. Various proclamations were presented, and appointments to the Independent Police Review Board and the ALCOSAN Board were referred for review. The Council also approved an ordinance related to jail rape, discussed new business items regarding referendums and bond issues, and authorized a public hearing, concluding the meeting with a unanimous motion to adjourn.

Goldman Sachs • MAY 22, 2026

Goldman Sachs warns that stock markets are increasingly vulnerable to rising bond yields, despite strong earnings growth, particularly in the technology and energy sectors. With the 30-year US Treasury yield reaching its highest level since 2007, investors are advised to stay cautious as historical patterns suggest potential corrections could follow rapid yield increases. Amidst this shifting landscape, new opportunities are emerging, particularly for companies with substantial physical assets, as investors reassess their strategies in a changing economic environment.

Goldman Sachs • MAY 20, 2026

A recent report from Goldman Sachs projects a staggering surge in US data center power demand, which is expected to more than double by 2027. As the artificial intelligence boom accelerates, power needs may soar from 31 gigawatts in 2025 to a remarkable 66 gigawatts by 2027, signaling a crucial moment for energy infrastructure and stability across the nation. With significant regional disparities in growth and potential reliability challenges looming, the report underscores the urgent need for strategic planning in energy generation and management.

Dodge Construction Network • MAY 20, 2026

April witnessed a remarkable 9% surge in construction starts, reaching a staggering $1.33 trillion, fueled primarily by an 18.6% jump in nonresidential buildings. Major projects, including a $5 billion data center in Texas and a $3.8 billion natural gas power plant in North Dakota, underscore the sector's robust growth. While residential starts faced slight declines, the overall trend highlights a flourishing landscape in commercial and nonbuilding construction across the nation.

Federal Reserve • MAY 20, 2026

The latest Federal Open Market Committee (FOMC) minutes reveal a cautious economic outlook as geopolitical tensions and inflation concerns shape financial strategies. With inflation expectations on the rise due to energy price fluctuations, the Committee has opted to maintain the federal funds rate at 3.5% to 3.75%. Investors are closely monitoring these developments, especially as strong earnings growth in equities contrasts with ongoing challenges in the private credit sector.