Economic Commentary
The labor market is dead, long live the labor market
ECONOMY & POLICY December 02, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. While economists have been lowering their employment forecast month over month over month, the U.S. labor market has continued to disappoint those forecasts and has remained relatively strong as well as relatively stable, with jobs growing at an average […]
Add important financial deadlines to your year-end calendar
RETIREMENT & LONGEVITY Review key dates related to charitable giving, Medicare and tax planning. The year-end holiday season is full of important financial deadlines. Mark your calendar accordingly. Fall 2022 market closures Nov. 24: Thanksgiving Day Dec. 26: Christmas Day (observed) Dates to remember For deadlines that fall on a weekend, action may need to be […]
Making the most of Medicare’s open enrollment period
RETIREMENT & LONGEVITY Ask yourself a few questions to make sure you’re getting the most from Medicare. Mark your calendar for Medicare’s open enrollment season: between Oct. 15 and Dec. 7, you are able to make changes to your Medicare Advantage plan and prescription drug coverage. During this time, you can change from Original […]
Federal Reserve Bank of New York household debt and credit quarterly
ECONOMY & POLICY November 18, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. The Federal Reserve Bank of New York released it Household Debt and Credit quarterly report last week and showed an increase in household debt levels. According to the report, household debt balances increased $351 billion during the third quarter […]