Economic Commentary

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 […]

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 […]

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. […]