Economic Commentary
The Federal Reserve… reserves the right to remain hawkish
ECONOMY & POLICY May 05, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. If there was a message the Federal Reserve (Fed) wanted to make clear after the end of the Federal Open Market Committee (FOMC) meeting on May 3, it was that it reserves the right to remain hawkish. That is, […]
Risks – and stakes – elevated as debt limit deadline nears
ECONOMY & POLICY May 04, 2023 Conversations around the U.S. debt ceiling are likely to pivot to a short-term debt limit increase that will lessen market fears, note Washington Policy Analysts Ed Mills and Alex Anderson. The latest projections from Treasury and the Congressional Budget Office (CBO) put the debt ceiling “X-Date” as soon […]
FOMC raises rates above 5% for first time since 2007
MARKETS & INVESTING May 03, 2023 On the heels of its 10th consecutive rate hike since March 2022, the Federal Reserve hedged its bets on pausing rate adjustments. At the May 2023 Federal Open Market Committee (FOMC) meeting, the Federal Reserve (Fed) raised the federal funds rate by 25 basis points (bps). This marks […]
What is at stake if we don’t increase the debt ceiling?
ECONOMY & POLICY April 21, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. Questions regarding the US debt ceiling have become more and more common lately as many realize that the US is dangerously approaching the date when not even accounting maneuvers are going to be enough to prevent a potential economic […]