Economic Commentary
Employment shows no signs of letting off
ECONOMY & POLICY April 05, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. Can Federal Reserve (Fed) officials live with such a strong labor market and still start lowering interest rates in June or July? This question is the reason why we argued, after the latest Fed’s Federal Open Market Committee (FOMC) […]
Analyzing the U.S. economy post-pandemic
ECONOMY & POLICY April 04, 2024 Chief Economist Eugenio Alemán and Economist Giampiero Fuentes note that while they expect economic growth to slow, they do not foresee a recession in 2024. To read the full article, see the Investment Strategy Quarterly publication linked below. We are normally reluctant to use trendy phrases to explain […]
Federal Reserve 75 basis points cuts expectation in 2024 lacked conviction
ECONOMY & POLICY March 22, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. Markets have taken the Federal Reserve (Fed) decision to keep about 75 basis points (bps) cuts in its dot plot as a very positive sign that the Fed is going to actually cut 75 bps during the year and […]
Fed holds rates steady at March FOMC meeting
MARKETS & INVESTING March 20, 2024 The central bank will look to cut interest rates three times by the end of 2024. The Federal Reserve (Fed) elected to not raise the federal funds rate at the March 2024 Federal Open Market Committee (FOMC) meeting. It is the fifth consecutive meeting during which the central […]