Economic Commentary
Add “persistently high” to “higher for longer”
ECONOMY & POLICY November 03, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. After the September meeting of the Federal Open Market Committee (FOMC), Federal Reserve (Fed) officials were finally able to convince market participants, after more than a year, that the Fed needed to stay “higher for longer” in terms of […]
Interest rates hold steady following latest FOMC meeting
MARKETS & INVESTING November 01, 2023 The Federal Reserve elected to not raise the federal funds rate for a second consecutive meeting, and the third time in 2023. The Federal Reserve (Fed) elected to not raise the federal funds rate at the October/November 2023 Federal Open Market Committee (FOMC) meeting. It is the second […]
Strong GDP growth in Q3 could become a threat to monetary policy
ECONOMY & POLICY October 27, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. The Federal Reserve (Fed) has been trying to slow down the U.S. economy for more than a year in order to slow down inflation. The process has, so far, been very successful, as shown by the graph below. However, […]
Strength in consumer demand remained intact in Q3
ECONOMY & POLICY October 20, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. The strength in consumer demand has been one of the defining characteristics of a very resilient U.S. economy and September’s retail and food services sales report confirmed that the U.S. consumer is alive and well. Recent upward revisions to […]