Economic Commentary
The U.S. dollar is like the English language, pardon my French
ECONOMY & POLICY August 25, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. Watching coverage of the BRICS (Brazil, Russia, India, China and South Africa) summit in South Africa this week made us wonder why the members of the BRICS decided to name the section, in which Vladimir Putin was addressing the […]
Student loan repayment: What should we expect?
ECONOMY & POLICY August 18, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. We have heard lots of commentary on the student loan repayment issues facing almost 44.5 million Americans. Some of these commentaries are correct but there are others that miss the mark. Let’s try to clarify some of these issues […]
Great news on inflation, but markets are getting ahead of themselves
ECONOMY & POLICY August 11, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. Once again, markets are taking the elevator while economic data takes the stairs. That is, it is good that markets initially reacted so well to the better-than-expected news on July’s Consumer Price Index (CPI) inflation number, and they may […]
July employment comes in weaker than expected
ECONOMY & POLICY August 04, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. Nonfarm employment numbers seem to be following the same script as the disinflationary process for the Federal Reserve (Fed), that is, they are both slowing, but not enough for the Fed to stop worrying about hitting its 2.0% inflation […]