Economic Commentary
The Fed Still Has a Tough Road Ahead
ECONOMY & POLICY May 27, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. Data released this week and last tend to confirm our suspicions that the housing market has peaked, and is going to continue to slow down. The Federal Reserve (Fed) campaign to increase interest rates to slow down economic activity […]
The Fed and the housing market
ECONOMY & POLICY May 20, 2022 Chief Economist Eugenio J. Alemán discusses current economic conditions. The Federal Reserve Bank (Fed), the central bank of the United States, has a difficult task ahead. The most important objectives of the Fed are: “maximum employment, stable prices, and moderate long-term interest rates in the United States.” In […]
Weekly market snapshot
ECONOMY AND POLICY May 06, 2022 Chief Economist Scott Brown discusses the latest market data. As expected, the Federal Open Market Committee raised the target range for the federal funds rate by 50 basis points (to 0.75-1.00%), indicated that it anticipates “ongoing increases” in rates at future policy meetings, and announced the start of […]
How’s This Movie Going to End?
ECONOMY AND POLICY May 06, 2022 Chief Economist Scott Brown discusses current economic conditions. As expected, the Federal Open Market Committee raised short-term interest rates, signaled more to come, and announced the start of its balance sheet runoff. Stock market participants were relieved (briefly) after Fed Chair Powell signaled that the FOMC was unlikely […]