Economic News – March 2023

(Printable PDF) The Economy’s Roller Coaster Ride Continues Renewed economic vigor is upending expectations. Last year ended with a thud, with consumers retrenching, inflation receding, and financial markets slumping. Recession fears became more pronounced as did expectations the Federal Reserve would soon pause its aggressive rate-hiking campaign to prevent a deep slump that would throw […]

Economic News – February 2023

(Printable PDF) Slowing Inflation Offers Hope for 2023 Murphy’s Law played out in dramatic fashion last year, as virtually anything that could go wrong seemingly did. The pandemic morphed into a new variant; Russia’s invasion of Ukraine ignited a spike in energy, food and other commodity prices that reinforced the worst inflation outbreak in 40 […]

First-Time Homebuyers Mortgage Opportunities Abound

(Printable PDF) Brookline Bank’s Allan Martorana, SVP and Mortgage Banking Team Leader, contributed the following article to the Allston Brighton Community Development Corporation (ABCDC) 2023-2024 Homeownership Resource Guide. Many thanks to the ABCDC for permission to share the article.   First-time homebuyers, your window of opportunity may have just opened. For the past ten years, […]

Economic News – January 2023

(Printable PDF) Recession Ahead: Will It Be Mild Or Severe? It was a rough 2022, but the U.S. economy survived the myriad headwinds thrown at it, including raging inflation, geopolitical stress, skyrocketing interest rates, declining stock prices, a recurring COVID-19 wave, and the most aggressive pivot towards monetary tightening in more than forty years. Against […]

In Person with Jerry Algere

In Person with Jerry Algere Gerald “Jerry” Algere joined Brookline Bank in September as Institutional Banking Team Leader in the Bank’s Commercial (C&I) Banking Group. Banker & Tradesman recently spotlighted Jerry’s 30 years of building a $2 billion not-for-profit commercial portfolio. Read the article: (Printable PDF)

Economic News – December 2022

(Printable PDF) This Too Won’t Last Has the inflation worm turned? It’s still early, but the signs are encouraging as an expanding list of price measures are pointing to slower increases. Whether this favorable trend continues is an open question. Many factors underpinned the astonishing inflation cycle of the past two years and many don’t […]

Economic News – November 2022

(Printable PDF) Slamming On the Brakes: Is a Crash Ahead? Alarms warning of a recession ring louder with each rate hike by the Federal Reserve. So far this year, there’s been plenty – five since March and still counting. Following the last three jumbo-sized 0.75 percentage point increases, the Fed’s benchmark short-term rate now stands […]

Economic News – October 2022

(Printable PDF) Recession Watch Enough is enough! The economy has demonstrated an astonishing amount of resiliency against the headwinds thrown at it over the past two years – Covid-19, both short and long, surging energy prices, spiraling interest rates, supply shortages, and, not least, stubbornly high inflation. Through it all, the job market has remained […]

Economic News – September 2022

(Printable PDF) Confusing Times As summer draws to a close, the debate over whether the economy is overheated or rapidly cooling remains unanswered. According to the broadest measure of activity conditions look downright recessionary, as GDP contracted for the second consecutive quarter in the April-June period, satisfying the common yardstick of a recession. But the […]

Economic News – August 2022

(Printable PDF) Don’t Rule Out A Soft Landing In real estate, they say location is everything. In economics, timing is paramount. With prices rising at a pace not seen since the early 1980s, the Federal Reserve admittedly waited too long to start putting on the brakes, believing that the initial stage of the inflationary upsurge […]

Economic News – July 2022

(Printable PDF) For The Fed, Failure To Curb Inflation Is Not An Option Last year the main debate among economists was whether the inflation upsurge that suddenly gripped the nation was transitory or lasting. Most, including policymakers at the Federal Reserve, blamed transient forces related to the pandemic, which they believed would fade as health […]