In Brief: Labor market data | Federal Reserve commentary | ISM indices 06.01.2026

In this week's episode, Phillip Neuhart, Head of Market and Economic Research, analyzes the latest trends driving the US stock market as equities reach new all-time highs and Treasury yields pull back. He explores mixed economic data, including weaker personal income and a downward revision to first-quarter GDP. Looking ahead, we previews key events shaping the economic outlook, including the May jobs report, deeper labor market indicators, and upcoming ISM manufacturing and services data. We also discusses what to expect from Federal Reserve policymakers ahead of the June FOMC meeting under new leadership. Tune in for insights on the U.S. economy, market trends, and what investors should watch in the week ahead. For more information, visit firstcitizens.com/market-outlook.