Economic Commentary
Fed elects to skip rate hike at September 2023 FOMC meeting
MARKETS & INVESTING September 20, 2023 For the second time in four months, the central bank decided to not increase interest rates but indicated another hike in 2023 is likely. The Federal Reserve (Fed) elected to skip raising the federal funds rate at the September 2023 Federal Open Market Committee (FOMC) meeting. One more […]
To increase or not to increase: That is the question
ECONOMY & POLICY September 15, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. Markets are convinced that the Federal Reserve (Fed) is going to pause its interest rate campaign after it finalizes its Federal Open Market Committee (FOMC) meeting on Wednesday, September 20. While markets are trying to guess what the Fed […]
Is China’s economy in bad shape?
ECONOMY & POLICY September 08, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. There has been lots of speculation lately regarding China’s economic “decline” or potential economic “perils,” so much so that newspaper articles about the coming demise of China’s miracle economic growth over the previous decades continue to take (our) time […]
Changes to our forecast: Reasons behind our decision
ECONOMY & POLICY September 01, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. Last week we changed our economic forecast because the economy has remained stronger than we expected. We delayed the start of the recession to the first quarter of 2024 rather than the last quarter of 2023. There were several […]