Economic Commentary
Are markets overreacting?
ECONOMY & POLICY June 24, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. This is a question that economists are asked every time there is market turbulence. My instinctive answer is that the stock market is not the economy, which is also an easy answer to give, considering that markets are more […]
Big Turnaround in the Fed’s Projected Path for Rates
ECONOMY & POLICY June 17, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. The risks to our forecast and to the US economy increased considerably after the latest statement from the FOMC with its updated projections for the path of interest rates. As an example, the March 2022 projection for the federal […]
3 things to remember in manic markets
MARKETS & INVESTING June 13, 2022 The fall from bull to bear market has been fast and frustrating but here are three dynamics to watch, says Raymond James Chief Investment Officer Larry Adam. Sadly, what was once the strongest bull market on record—a more than doubling of the S&P 500 from the March 2020 […]
Employment and the risks of recession
ECONOMY & POLICY June 03, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. We remain in the camp that the Federal Reserve (Fed) will be able to engineer a soft landing and will spare the economy from a recession. However, the strength of May’s employment report did not help our position. Total […]