Economic Commentary

Economy & Policy December 19, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. Now that the Bureau of Labor Statistics (BLS) released the delayed October and November nonfarm payroll numbers, do we know more about the US labor market than we knew before the release? Probably not. The release of both the October […]

Markets & Investing What dividends communicate to the most important people in the conversation. Investors are needy. Insatiable, really. But it makes sense: If an investor buys a share of a company, they’re going to want some benefit from it. And under the Friedman doctrine – the most influential model for business ethics since the […]

Markets & Investing December 01, 2025 A mid-month bout of volatility focused primarily on the AI tech giants gave way to a broader rally in November’s final days amidst renewed expectations the US Federal Reserve (Fed) will cut interest rates in the coming weeks. The late surge pushed the S&P 500 and Dow Jones Industrial […]

Economy & Policy November 21, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. Although the September employment report surprised to the upside, the overall stance of the US labor market remains weak, something that was underscored by the third consecutive increase in the rate of unemployment, from 4.1% in June to 4.4% in […]