Economic Commentary
Fed announces 50 basis points rate hike
MARKETS & INVESTING December 14, 2022 The latest adjustment snaps a four-month run of 75 bps interest rate increases by the Fed. As expected, the Federal Reserve (Fed) increased the federal funds rate by 50 basis points (bps). Fed officials reiterated its commitment to bringing inflation down to its 2% target. The Fed indicated […]
Why is this time different?
ECONOMY & POLICY December 09, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. Many have been asking this question since earlier this year, a question that has no easy answer. As economists – us included – continue to forecast the most ‘telegraphed’ recession in history, it is important to point to those […]
The labor market is dead, long live the labor market
ECONOMY & POLICY December 02, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. While economists have been lowering their employment forecast month over month over month, the U.S. labor market has continued to disappoint those forecasts and has remained relatively strong as well as relatively stable, with jobs growing at an average […]
Add important financial deadlines to your year-end calendar
RETIREMENT & LONGEVITY Review key dates related to charitable giving, Medicare and tax planning. The year-end holiday season is full of important financial deadlines. Mark your calendar accordingly. Fall 2022 market closures Nov. 24: Thanksgiving Day Dec. 26: Christmas Day (observed) Dates to remember For deadlines that fall on a weekend, action may need to be […]