Economic Commentary

MARKETS & INVESTING February 01, 2023   The pace of interest rate adjustments is slowing, but the Fed remains hawkish on curbing inflation. In the first Federal Open Market Committee (FOMC) meeting of 2023, the Federal Reserve (Fed) raised the federal funds rate by 25 basis points (bps). Following four consecutive meetings of 75 bps […]

ECONOMY & POLICY January 27, 2023   Chief Economist Eugenio J. Alemán discusses current economic conditions. The U.S. economy posted a growth rate of 2.1% in 2022 compared to 2021 after reporting an annualized quarter over quarter growth rate during the last quarter of the year of 2.9%. Economic growth slowed down considerably during this […]

ECONOMY & POLICY January 20, 2023   Chief Economist Eugenio J. Alemán discusses current economic conditions. The debt ceiling debate seems to be a never ending, ever recurring, event in American politics. This is, perhaps, one of the most inefficient mechanisms ever invented to settle disputes and it will remain a permanent threat to the […]

ECONOMY & POLICY January 13, 2023   Chief Economist Eugenio J. Alemán discusses current economic conditions. December’s 0.1% decline in the headline consumer price index (CPI) was a good number with which to end the year but the 0.3% increase in the core CPI number meant that the Federal Reserve (Fed) still has some more […]