Economic Commentary
2023 economic summary: The year of defied expectations
ECONOMY & POLICY December 29, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. The year 2023 will be remembered by economists and investors as 365 days of resiliency and defied expectations. This week’s Weekly Economics will dive into the U.S. economic landscape and summarize the major factors that shaped the nation’s economic […]
How does SECURE Act 2.0 change saving for retirement?
RETIREMENT & LONGEVITY Washington Policy Analyst Ed Mills outlines key components of the new legislation. The year-end fiscal 2023 government funding bill contained legislation that makes the most significant changes to the U.S. retirement savings system in decades. The SECURE 2.0 Act builds on retirement savings changes passed in 2019 and contains new provisions […]
Fed closes 2023 FOMC meeting slate with no rate hikes
MARKETS & INVESTING December 13, 2023 A tentative timeline toward rate cuts in 2024 was revealed in the updated Summary of Economic Projections. The Federal Reserve (Fed) elected to not raise the federal funds rate at the December 2023 Federal Open Market Committee (FOMC) meeting. It is the third consecutive meeting during which the […]
The many lives of the U.S. consumer
ECONOMY & POLICY December 08, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. To argue that the U.S. consumer has remained resilient has become a cliché and at the same time an understatement. After a very strong increase in real incomes during the pandemic, real income growth started to slow considerably. The […]