Economic Commentary
A check on the health of US consumers
Economy & Policy November 07, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. Together with the surge in investments brought about by the CHIPS and IRA acts, plus the recent surge in AI investment, US consumers continue to be the backbone of the US economy. When, and if, AI investment slows down or […]
Why so much pushback on a December rate cut?
Economy & Policy October 31, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. Markets were taken by surprise by Federal Reserve (Fed) Chair Powell’s strong suggestion that a rate cut in December is not a certainty, as they were sure they were going to get one at December’s Federal Open Market Committee (FOMC) […]
New shocks, different strokes
Economy & Policy October 24, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. Yes, this time is different than during the recovery from the pandemic recession. The most important difference was that Americans were awash with cash accumulated during the pandemic, as the U.S. government transferred insane amounts of money to households and […]
Real-time indicators support a rate cut in October
Economy & Policy October 17, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. This week’s scheduled release of the Consumer Price Index (CPI) for September was postponed due to the ongoing federal government shutdown, which has disrupted the operations of key agencies like the Bureau of Labor Statistics (BLS). However, to meet statutory […]