Economic Commentary

ECONOMY AND POLICY March 11, 2022   Chief Economist Scott Brown discusses the latest market data. Tensions in Ukraine remained at the forefront for investors The Consumer Price Index rose 0.8% in February (+7.9% y/y), up 0.5% (+6.4% y/y) ex-food and energy. The Bureau of Labor Statistics noted that “virtually all” of the core CPI […]

ECONOMY AND POLICY March 04, 2022   Chief Economist Scott Brown discusses current economic conditions. In his monetary policy testimony to Congress, Fed Chair Pro Tempore Powell solidified market expectations that the Federal Open Market Committee will raise short-term interest rates by 25 basis points on March 16 (and not by 50). The February employment […]

ECONOMY AND POLICY March 04, 2022   Chief Economist Scott Brown discusses the latest market data. Tensions in Ukraine remained at the forefront for investors, but there were some important developments on the economic front. In his monetary policy testimony to Congress, Fed Chair Pro Tempore Jerome Powell further solidified market expectations that the Federal […]

ECONOMY AND POLICY February 25, 2022   Chief Economist Scott Brown discusses the latest market data. Tensions in Ukraine dominated. Share prices fell and bonds rallied. Tensions in Ukraine dominated. Share prices fell, bond yields declined and oil prices popped, but markets reversed direction on news that Russia was willing to come to the negotiating […]