Economic Commentary
Is this the calm before the storm? Preparing for a busy data week
ECONOMY & POLICY May 10, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. Markets seem to have been basking in the spring sun as they wait for the approaching summer heat, so to speak. During a week that provided very little extra information on the state of the U.S. economy, the markets […]
Earnings season is in the homestretch
MARKETS & INVESTING May 03, 2024 Review the latest Weekly Headings by CIO Larry Adam. Key Takeaways Fed rate cuts have been delayed, not derailed Labor demand is gradually easing, with minimal damage S&P 500 earnings revisions have been supportive This weekend brings us one of the most prestigious horse-racing events of the year. […]
What a difference a data point (or two) makes
ECONOMY & POLICY May 03, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. We try not to react to just one data point because, as we have always said, “a data point doesn’t a trend make.” Furthermore, we don’t know if this is just a one-time event or if it is the […]
May FOMC meeting concludes with no changes to interest rates
MARKETS & INVESTING May 01, 2024 The Federal Reserve is looking for more confidence that inflation is headed back towards its 2% target before commencing with rate cuts. The Federal Reserve (Fed) remains entrenched in its hold-higher-for-longer stance regarding the federal funds rate, as it elected to keep the target range at 5.25%-5.50% at […]