Economic Commentary

ECONOMY & POLICY June 07, 2024   Chief Economist Eugenio J. Alemán discusses current economic conditions. We received mixed economic signals this week with the ISM Manufacturing PMI remaining in contraction in May after a brief, one-month, slightly expansionary reading in March, but weaker than May consensus expectations. The ISM Manufacturing PMI Employment Index improved […]

ECONOMY & POLICY May 31, 2024   Chief Economist Eugenio J. Alemán discusses current economic conditions. Survey after survey after survey has been indicating that Americans feel worse off today compared to the recent past, so much so that many of them indicate that the economy is currently in recession, that the rate of unemployment […]

ECONOMY & POLICY May 24, 2024   Chief Economist Eugenio J. Alemán discusses current economic conditions. We are free trade enthusiasts, in economic terms, even at a time when free trade has been losing some of its aura within the U.S. political system. Why? Because the existence of trade allows countries, in general, to achieve […]

ECONOMY & POLICY May 17, 2024   Chief Economist Eugenio J. Alemán discusses current economic conditions. To say that inflation data during the first quarter of the year surprised us and the markets is clearly an understatement and by Tuesday of this week, with the higher-than-expected Producer Price Index (PPI) print for April, markets were […]