Economic Commentary
Federal Reserve resumes interest rate hikes
MARKETS & INVESTING July 26, 2023 The central bank agreed to a 25 basis point increase in July after electing to not raise the federal funds rate in June. Following a skip at its June meeting, the Federal Reserve (Fed) chose to raise the federal funds rate 25 basis points (bps) at the July […]
Unsettled foundations of the housing market
ECONOMY & POLICY July 21, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. Mortgage rates are the highest they’ve been in over 30 years, keeping home affordability in unprecedented territory. However, mortgage rates above 7% aren’t the only factor keeping home prices high. In fact, the low supply of homes is currently […]
The Fed’s difficult decision at July’s FOMC meeting
ECONOMY & POLICY July 14, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. We understand that markets have already decided for the Federal Reserve (Fed) regarding what it is going to do with rates during the July 25-26 Federal Open Market Committee (FOMC) meeting. Markets are betting 93.6% to 6.4% (as of […]
Risks and opportunities of a new economic era
ECONOMY & POLICY July 12, 2023 Ed Mills, Managing Director, Washington Policy, discusses how recent U.S. policy decisions are the foundation for an industrial renaissance aimed at building up the economic base and protecting it against certain geopolitical and supply chain risks. To read the full article, see the Investment Strategy Quarterly publication linked […]