Economic Commentary
What you need to know about student loan forgiveness
ECONOMY & POLICY August 24, 2022 President Biden’s student loan relief exceeds expectations, said Ed Mills, managing director and Washington policy analyst for Equity Research. The details of the long-awaited student loan forgiveness program are more substantial than expectations. Headlines will highlight the $10,000 forgiveness for borrowers with income below $125,000 and households below $250,000, […]
Dear Fed, esteemed markets: Your job is almost done, so try not to overdo it!
ECONOMY & POLICY August 19, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. We expect the Federal Reserve (Fed) to increase the federal funds rate by 50 bps in September and by another 50 bps in December. After that, the path for the federal funds rate is not that clear. If we […]
One month doesn’t make a trend… but it helps!
ECONOMY & POLICY August 12, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. July’s inflation numbers were the best news the US economy has had for a long time. Both the Consumer Price Index (CPI) and the Producer Price Index (PPI) showed better than expected prints, with 0% for the CPI month-over-month […]
Nonfarm employment: Unchartered territory
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 […]