Economic Commentary
Incoming data releases: Stay focused
ECONOMY & POLICY July 22, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. We expect data coming in next week to be very noisy. Early in the week we have building permits, FHFA home price index and the S&P Case Shiller home price index, consumer confidence, durable goods orders, wholesale inventories, pending […]
Thoughts of the week
ECONOMY & POLICY July 15, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. The June consumer price index (CPI) report wasn’t what the doctors were recommending. But it wasn’t the top number, or headline inflation, that is moving markets and potentially the Fed. Everybody knew that oil and gasoline prices were going […]
Are markets overreacting?
ECONOMY & POLICY June 24, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. This is a question that economists are asked every time there is market turbulence. My instinctive answer is that the stock market is not the economy, which is also an easy answer to give, considering that markets are more […]
Big Turnaround in the Fed’s Projected Path for Rates
ECONOMY & POLICY June 17, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. The risks to our forecast and to the US economy increased considerably after the latest statement from the FOMC with its updated projections for the path of interest rates. As an example, the March 2022 projection for the federal […]