Economic Commentary

ECONOMY & POLICY August 05, 2022   Chief Economist Eugenio J. Alemán discusses current economic conditions. Today’s nonfarm employment number is at odds with what other numbers are showing regarding the health of the US economy. However, the number of jobs has ‘consistently’ been at odds with the US economy during the whole year. Although […]

ECONOMY & POLICY July 29, 2022   Chief Economist Eugenio J. Alemán discusses current economic conditions.   Video recorded July 28, 2022. If we stop and think what happened this week just by reading the result of GDP growth for the second quarter, we would probably conclude that the US economy was in a recession […]

MARKETS & INVESTING July 27, 2022   The Fed vows vigilance against inflation after another 75 basis point rate increase. The FOMC increased the federal funds rate 75 bps for the second month in a row. The Fed is on track to increase rates to the 3.00%-3.50% range by the end of 2022. Fed Chair […]

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 […]