Economic Commentary
Here we go again: Showdowns and shutdowns
ECONOMY & POLICY September 29, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. While government shutdowns impact the economy directly and indirectly, the magnitude of the impact is determined by the length and scope of the shutdown. Some operations can continue in a “partial shutdown” scenario, and thus impact the economy differently. […]
The Match Continues: The Fed vs. The Market
ECONOMY & POLICY September 22, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. Wednesday’s Federal Reserve (Fed) decision to keep the federal funds rate unchanged wasn’t a surprise at all. Markets, as we argued last week, had predicted that the Fed was going to stay put and that is what it did. […]
Fed elects to skip rate hike at September 2023 FOMC meeting
MARKETS & INVESTING September 20, 2023 For the second time in four months, the central bank decided to not increase interest rates but indicated another hike in 2023 is likely. The Federal Reserve (Fed) elected to skip raising the federal funds rate at the September 2023 Federal Open Market Committee (FOMC) meeting. One more […]
To increase or not to increase: That is the question
ECONOMY & POLICY September 15, 2023 Chief Economist Eugenio J. Alemán discusses current economic conditions. Markets are convinced that the Federal Reserve (Fed) is going to pause its interest rate campaign after it finalizes its Federal Open Market Committee (FOMC) meeting on Wednesday, September 20. While markets are trying to guess what the Fed […]