Economic Commentary
One way we could explain the latest FOMC decision: Rise over run
ECONOMY & POLICY June 14, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. What do we mean by ‘rise over run?’ For those of you that are math geeks, you will get it fast enough. However, for those of you who are not math geeks, ‘rise over run’ is the formula for […]
No surprise as interest rates hold steady at June FOMC meeting
MARKETS & INVESTING June 12, 2024 The updated projection shows the likelihood of one rate cut by the end of 2024. For the seventh consecutive Federal Open Market Committee (FOMC) meeting, the Federal Reserve (Fed) elected to hold interest rates steady. The decision, announced on June 12 at the end of the two-day session, […]
Welcome to economic decision making: Which way is north?
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 […]
Data says: Economy is good! Survey says: Americans are not happy!
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 […]