Economic Commentary
Employment still relatively strong but the U.S. economy is finally downshifting
Economy & Policy August 02, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. The relative weakness in July’s nonfarm payroll employment number and the increase in the rate of unemployment from 4.1% in June to 4.3% in July, triggering the Sahm Rule is a reminder of the difficult tasks ahead for the […]
July FOMC meeting preview
Economy & Policy July 26, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. The Federal Reserve (Fed) doesn’t like to spook markets, that is the reason why it has crafted its communication on monetary policy to give indications way in advance and nothing has been pointing to a change of heart that […]
Biden withdrawal announcement: Large market reaction unlikely
MARKETS & INVESTING July 22, 2024 Managing Director, Washington Policy Analyst Ed Mills and team look at the potential path forward for the Democratic party following President Biden’s decision to drop out of the 2024 race. While President Joseph Biden’s decision on July 21 not to seek reelection will reverberate through the Democratic party […]
Economic growth, inflation, expected to downshift in second half
ECONOMY & POLICY July 19, 2024 Chief Economist Eugenio J. Alemán discusses current economic conditions. As we start the second half of the year and as we approach next week’s release of the preliminary report on real GDP for the second quarter of the year, we continue to expect second-half economic growth as well […]