April 9, 2021Recent supply chain disruptions are likely to add to near-term inflation pressures by constraining the supply of goods and services in the economy, just as demand is set to bounce back.Longer-term inflation will remain dependent on the interaction of consumer and market inflation expectations, and the Fed’s new approach to monetary policy.
November 23, 2020—In a year marked by a global pandemic, a world recession, and a U.S. presidential election, it is somewhat understandable that bitcoin’s[i] steady ascent in recent months might not have been at the front and center of market attention until just recently.
October 30, 2020 — Yes, like many others we’re harkening back to James Carville’s famous statement from the 1992 election of the importance of the economy to voters. The trite expression would likely have been retired by now were it not so accurate. Yet in 2020, it comes with the caveat that this year’s recession was brought on by the most exogenous of events, a global pandemic, and less likely to be pinned on whoever is currently at the wheel.
October 16, 2020—The housing market’s role as one of the key drivers of the current recovery has been notable and stands in stark contrast to its role as a key driver of the last recession (2008–2009). The housing market’s surprising resilience is due in part to pandemic-induced demand for housing, in addition to ultra-low interest rates and pre-pandemic demographic trends.
August 29, 2017— The topic of immigration is frequently in the news though typically with a focus on illegal immigration and the politically charged issues of a wall on the southern border, deportations, and the Deferred Action for Childhood Arrivals (DACA) policy, to name a few. We took note recently when two senators, Tom Cotton (R-AR) and David Perdue (R-GA), proposed legislation to affect legal immigration, a plan that was endorsed by President Trump.