Economic Commentary
Anchoring bias
Markets & Investing September 22, 2025 Drew O’Neil discusses fixed income market conditions and offers insight for bond investors. As investors, unfortunately, we do not dictate the price at which we purchase an investment from the marketplace. As we know, the opposite is true: the market determines the price. We can wish all day for […]
Why interest rates have become a prominent part of the Fed’s focus
Markets & Investing September 19, 2025 Review the latest Weekly Headings by CIO Larry Adam. Key Takeaways Chair Powell downplayed the idea of a formal ‘third’ mandate Soaring debt and elevated interest rates is proving a costly combination Keeping long-term interest rates in check is more critical than ever As summer fades into fall, change […]
FOMC preview: Tariffs begin to bite, and the labor market softens
Economy & Policy September 12, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. With the Federal Open Market Committee (FOMC) meeting on the horizon, we’ve taken a closer look at recent economic developments to better understand the landscape Federal Reserve (Fed) officials will be navigating during the two-day meeting, which begins September 16. […]
Employment disappoints in August. Will the Fed disappoint in September?
Economy & Policy September 05, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. We are playing with our words in the title of this section. It is not that we believe the Federal Reserve (Fed) is not going to deliver a rate cut in September, because it will. The problem now is that […]