Economic Commentary

ECONOMY & POLICY June 28, 2024   Chief Economist Eugenio J. Alemán discusses current economic conditions. Retail trade sales in the U.S. are reported by distribution channel. For example, gasoline sales are reported through the gasoline stations distribution channel, although those gasoline stations’ sales also include everything else sold at gasoline station convenience stores, i.e., […]

ECONOMY & POLICY June 21, 2024   Chief Economist Eugenio J. Alemán discusses current economic conditions. Total net worth, or household wealth, has reached a new record high, at least in nominal terms. This has pushed many to argue that Americans have been using the accumulation in net worth to increase consumption. And there is […]

ECONOMY & POLICY June 14, 2024   Chief Economist Eugenio J. Alemán discusses current economic conditions. What do we mean by ‘rise over run?’ For those of you that are math geeks, you will get it fast enough. However, for those of you who are not math geeks, ‘rise over run’ is the formula for […]

MARKETS & INVESTING June 12, 2024   The updated projection shows the likelihood of one rate cut by the end of 2024. For the seventh consecutive Federal Open Market Committee (FOMC) meeting, the Federal Reserve (Fed) elected to hold interest rates steady. The decision, announced on June 12 at the end of the two-day session, […]