Economic Commentary
U.S. economy remained strong in Q3
Economy & Policy October 18, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. From current data, it is clear there are no signs the U.S. economy is currently facing challenges. The retail and food services sales report on October 17 confirmed that barring any downward revision to September’s estimates, the U.S. consumer […]
Trade and tariffs: The impact on consumers
Economy & Policy October 14, 2024 Chief Economist Eugenio Alemán and Economist Giampiero Fuentes note that an across the board increase in tariffs has the potential to push inflation higher. To read the full article, see the Investment Strategy Quarterly publication linked below. A tariff is a tax assessed on imports. Historically, tariffs have […]
Many reasons to doubt the strength in employment
Economy & Policy October 11, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. The U.S. labor market continues to be the star of the show, so to speak, for financial markets and for the U.S. economy, delivering an impressive number in September and defying expectations. We remain suspicious of the current strength […]
Final stretch before election day: Everything and nothing has changed
Economy & Policy October 09, 2024 Managing Director, Washington Policy Analyst Ed Mills notes that the reality is the 2024 Presidential Election is likely to come down to a small number of voters in key swing states. To read the full article, see the Investment Strategy Quarterly publication linked below. A series of unprecedented […]