Economic Commentary
Inflation: From let’s party to party pooper!
ECONOMY & POLICY February 16, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. Even at the risk of sounding like a parrot by repeating the same thing again and again, we think that it is, once again, appropriate at this time to do so: “One data point doesn’t a trend make.” But […]
Why is the Federal Reserve still concerned with inflation?
ECONOMY & POLICY February 09, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. The U.S. rate of inflation has continued to come down, with the price index for Personal Consumption Expenditures (PCE), which is the preferred inflation rate as well as the target rate of inflation used by the Federal Reserve (Fed) […]
Markets continue to push for more from the Federal Reserve
ECONOMY & POLICY February 02, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. Markets have made themselves clear for a while: they want more rate cuts than what Federal Reserve (Fed) members seem to be willing to accept at this time. Many economic forecasters have moved decisively towards either a soft landing […]
Fed opens 2024 FOMC meeting slate by holding rates steady
MARKETS & INVESTING February 01, 2024 For the fourth consecutive meeting, the central bank elected to not raise the federal funds rate. The Federal Reserve (Fed) elected to not raise the federal funds rate at the January 2024 Federal Open Market Committee (FOMC) meeting. It is the fourth consecutive meeting during which the central […]