Economic Commentary
Fed is once bitten, twice shy on inflation
ECONOMY & POLICY August 30, 2022 The Fed is hesitant to let up on inflation after its “transitory” misstep, said Larry Adam, chief investment officer at Raymond James. As we approach the unofficial end of the summer with the upcoming Labor Day holiday, financial markets are laboring after the recent bounce back in equities. […]
Is high inflation here to stay?
ECONOMY & POLICY August 26, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. We have read this, or a version of this question, in many reports lately. It seems as if there is a race to the finish line for being the first to introduce a new trendy concept/issue. There may be […]
What you need to know about student loan forgiveness
ECONOMY & POLICY August 24, 2022 President Biden’s student loan relief exceeds expectations, said Ed Mills, managing director and Washington policy analyst for Equity Research. The details of the long-awaited student loan forgiveness program are more substantial than expectations. Headlines will highlight the $10,000 forgiveness for borrowers with income below $125,000 and households below $250,000, […]
Dear Fed, esteemed markets: Your job is almost done, so try not to overdo it!
ECONOMY & POLICY August 19, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. We expect the Federal Reserve (Fed) to increase the federal funds rate by 50 bps in September and by another 50 bps in December. After that, the path for the federal funds rate is not that clear. If we […]