Economic Commentary
October CPI inflation: Just what the Dr. recommended
ECONOMY & POLICY November 17, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. October news on CPI inflation was all the doctor recommended and has markets spinning and repricing the Federal Reserve’s (Fed) potential path forward. That is, markets are already assuming that the Fed is closer to lowering interest rates than […]
Inflation is decelerating… its effects on consumers are not
ECONOMY & POLICY November 10, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. We understand that many economists/analysts/market participants are already discounting inflation as a serious problem for the U.S. economy. Even if this seems correct on the surface, the problem is very different for those who suffer the most from higher […]
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 […]