Economic Commentary

ECONOMY & POLICY July 07, 2023   Chief Economist Eugenio J. Alemán discusses current economic conditions. Today (July 7, 2023) was a good day for those that believe the Federal Reserve (Fed) has done enough to slow down economic activity in order to rein in the U.S. labor market as well as inflation, i.e., that […]

ECONOMY & POLICY June 30, 2023   Chief Economist Eugenio J. Alemán discusses current economic conditions. The U.S. economy grew at a more than expected 2.0% annualized rate of growth during the first quarter of the year compared to the previous quarter. In some sense, this rate of economic growth makes a little bit more […]

ECONOMY & POLICY June 23, 2023   Chief Economist Eugenio J. Alemán discusses current economic conditions. The Federal Reserve (Fed) still has a very tough job ahead to bring inflation down to its 2% target over the long run while facing pressures from markets, which have a very different timetable than the Fed. At least, […]

ECONOMY & POLICY June 16, 2023   Chief Economist Eugenio J. Alemán discusses current economic conditions. We have been saying, for many months now, that the more markets try to second guess the Federal Reserve (Fed) and push longer-term interest rates down, the higher would be the probability that the Fed would continue to increase […]