Economic Commentary

Economy & Policy April 04, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. The international trading system is not perfect, but as we have said so many times, freer trade is better than no trade and tariffs are, typically, the worst solution to trade issues between countries. Yes, reciprocal tariffs are fair game, […]

Economy & Policy April 03, 2025 The incremental tariffs were bolder than market expectations and ushered in new uncertainty. On April 2, President Donald Trump announced a new, sweeping set of global tariffs: A 10% baseline global tariff on all countries goes into effect on April 5, and an increased rate for designated individual nations […]

Economy & Policy March 28, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. We were in the camp that the new administration was using the threat of tariffs as an instrument to negotiate deals with other countries, especially with our largest trading partners, Canada and Mexico. However, that no longer seems to be […]

Economy & Policy March 21, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions.  This week, and according to many, Federal Reserve (Fed) officials jumped onto the uncertainty bandwagon, along with consumers and businesses, waiting for more policy clarity from the Trump administration – and who could blame them with policies in daily flux? […]