Economic Commentary
Recession or no recession?
ECONOMY & POLICY July 29, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. Video recorded July 28, 2022. If we stop and think what happened this week just by reading the result of GDP growth for the second quarter, we would probably conclude that the US economy was in a recession […]
Markets focused on the pace of interest rate hikes
MARKETS & INVESTING July 27, 2022 The Fed vows vigilance against inflation after another 75 basis point rate increase. The FOMC increased the federal funds rate 75 bps for the second month in a row. The Fed is on track to increase rates to the 3.00%-3.50% range by the end of 2022. Fed Chair […]
Incoming data releases: Stay focused
ECONOMY & POLICY July 22, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. We expect data coming in next week to be very noisy. Early in the week we have building permits, FHFA home price index and the S&P Case Shiller home price index, consumer confidence, durable goods orders, wholesale inventories, pending […]
Thoughts of the week
ECONOMY & POLICY July 15, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. The June consumer price index (CPI) report wasn’t what the doctors were recommending. But it wasn’t the top number, or headline inflation, that is moving markets and potentially the Fed. Everybody knew that oil and gasoline prices were going […]