Economic Commentary
More on the U.S. dollar: Still king in a shaky kingdom
Economy & Policy October 10, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. If you are an avid follower of our weekly write-ups, you know that we are rabid defenders of the U.S. dollar as the preeminent global currency. And before you get too far into this write-up, be sure to know that […]
A “risk management cut” due to a change in the NAIRU?
Economy & Policy September 19, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. From the lack of conviction in the previous meetings to this week’s “risk management cut,” Federal Reserve (Fed) officials continue to walk a very fine line, hoping for the effects of tariffs to be transitory while, at the same time, […]
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 […]