Economic Commentary
September data seems to show economy rebounding
Economy & Policy October 04, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. The recent fears regarding the state of the U.S. employment sector seemed to have disappeared completely this morning as markets are ‘recalibrating’ their view on the U.S. economy going forward. Not only are markets now agreeing with the Federal […]
Markets are having a sugar rush
Economy & Policy September 27, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. After the first rate cut in two years went according to market expectations as the Federal Reserve (Fed) obliged and reduced the federal funds rate by 50 basis points (bps), markets have continued to run with the Fed’s ball […]
The Federal Reserve agreed with markets but tried to change the narrative
Economy & Policy September 20, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. After more than six months of indicating that it lacked conviction regarding the path of inflation, the Federal Reserve (Fed) seems to have gotten a conviction boost so large that it pushed it to lower the federal funds rate […]
Federal Reserve cuts interest rates for first time in four years
Markets & Investing September 18, 2024 The half-percentage point reduction at the September 17-18 FOMC meeting represents the largest non-COVID era cut by the Fed since 2008. The Federal Reserve (Fed) cut interest rates for the first time in over four years, moving its benchmark rate 0.50% lower to support the labor market, while […]