Economic Commentary
October CPI inflation and the market reaction: Caution is in order
ECONOMY & POLICY November 11, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. The market’s reaction to a better-than-expected inflation reading for October should not be a surprise, although the magnitude of the reaction looks a bit exaggerated. In our Weekly Economics of September 23, 2022, just after the September decision by […]
One for the Bulls (Doves), two for the Bears (Hawks)
ECONOMY & POLICY November 04, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. What has happened to the Federal Reserve’s (Fed) transparency? For us, the Fed’s press release after the Federal Open Market Committee (FOMC) meeting on November 2, 2022, was a welcome and positive spin on how the Fed is looking […]
Fed announces fourth consecutive 75 basis points rate hike
MARKETS & INVESTING November 02, 2022 Although the economy is showing signs of slowing down, inflation has remained higher than expected. As anticipated, the Federal Reserve (Fed) increased the federal funds rate by 75 basis points (bps). Fed officials reiterated their commitment to bringing inflation down to their 2% target. The Fed indicated that […]
Weekly market guide
MARKETS & INVESTING October 28, 2022 Review the latest portfolio strategy commentary from Mike Gibbs, managing director of Equity Portfolio and Technical Strategy. Equities have extended their rally over the past week, now up 10% from the recent lows. Less hawkish takeaways on the potential Fed path have been the primary catalyst, i.e. a […]