Economic Commentary

MARKETS & INVESTING September 23, 2022   Review the latest Weekly Headings by CIO Larry Adam. Key Takeaways Fed completes the third consecutive 0.75% rate hike Increased probability of a recession in 2023 Recession is not expected to be severe in nature Since the August Jackson Hole Symposium, the Fed has cautioned that the tightening […]

MARKETS & INVESTING September 21, 2022   No interest rate cuts are in sight until 2024, according to the Fed’s new dot plot. The Fed aims to keep interest rates higher for longer. FOMC raised the federal funds rate by 75 basis points. Restrictive monetary policy may push the economy into a recession. The U.S. […]

ECONOMY & POLICY September 16, 2022   Chief Economist Eugenio J. Alemán discusses current economic conditions. This week’s headline inflation, or headline consumer price index (CPI), number was very disappointing, but not because it was too high. It was actually very low. The reason it was disappointing was because it was not low enough. And […]

ECONOMY & POLICY September 13, 2022   The S&P 500 had its worst day since March 2020, but don’t lose sight of the bigger picture, said Larry Adam, chief investment officer at Raymond James. The financial markets have had a laser focus on inflation as it has such a huge impact on the prospects of […]