Economic Commentary

ECONOMY AND POLICY June 25, 2021   Chief Economist Scott Brown discusses the latest market data. Fed Chair Powell testified that inflation is expected to drop back to the long-term 2% goal as transitory supply effects abate – nothing new, but that may have left stock market participants with less anxiety than the week before. […]

ECONOMY AND POLICY June 25, 2021   Chief Economist Scott Brown discusses current economic conditions. We are still in a peri-pandemic economy. That is, we aren’t done with COVID-19. The virus is still affecting economic behavior. It seems clear now that the post-pandemic economy is going to differ from the pre-pandemic economy. Work-from-home is going […]

ECONOMY AND POLICY June 18, 2021   Chief Economist Scott Brown discusses current economic conditions. No surprise, the Federal Open Market Committee left short-term interest rates unchanged and did not alter its monthly pace of asset purchases. Financial market participants did react to a shift in the dot plot and some Fed observers are already […]

ECONOMY AND POLICY June 18, 2021   Chief Economist Scott Brown discusses the latest market data. The Federal Open Market Committee (FOMC) left short-term interest rates unchanged and did not alter the monthly pace of asset purchases. Officials revised their expectations for 2021 growth and inflation higher, but the increase in inflation was still expected […]