Economic Commentary
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 […]
When would it be ok to start cutting rates, and by how much?
ECONOMY & POLICY December 01, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. Our forecast for the federal funds rate has the Federal Reserve (Fed) starting to cut rates in July 2024, with a second rate cut before the end of 2024. Markets seem to believe that the Fed is going to […]