Member Services Desk
Weekly Market Update
We are pleased to announce the launch of our Member Services Desk (MSD) Weekly Market Update. In response to member feedback and in an effort to provide our membership with valuable insight to help further your business goals, the MSD Weekly Market Update is designed to provide insight into current market trends and news and will be released every Friday.
If you would like to receive the MSD Weekly Market Update in .pdf format (includes FHLBNY rate charts) or to discuss this content further, please email the MSD Team.
Recent Weekly Market Updates
The upcoming week contains a moderately busy economic release calendar, clearly led by the June 7th employment situation report from the Bureau of Labor Statistics (BLS). Recent data has generally been supportive of the “Fed-on-hold” theme, and an ongoing sturdy jobs market has been a pillar in this regard. Therefore, the report will warrant the market’s scrutiny…
Market participants will face a comparatively light statistical calendar in the upcoming week. Closings on existing dwellings probably rebounded last month, while durable goods bookings took a breather. Consumer confidence likely bounced in the latter half of May, reversing a portion of the deterioration witness in the early part of the month…
Market participants will face a heavy data calendar, in addition to multiple Fed speakers, this week. Wednesday’s Consumer Price Index (CPI) update for April will surely be the marquee report. Capped by an anticipated deceleration in non-energy goods and services costs, CPI likely rose by .3% in April, following a pair of .4% increases in February and March…
Having weathered the latest Federal Open Market Committee meeting and the Bureau of Labor Statistics’ update on the employment situation in April, market participants will face an extremely quiet economic release calendar this upcoming week…
The Federal Open Market Committee (FOMC) meeting will be the marquee event of the upcoming week. Policymakers are expected to leave the Federal Funds rate target range unaltered at 5¼% to 5½%. The post-meeting communiqué likely will reiterate that activity has been expanding at a solid pace, job gains have remained strong, and the unemployment rate is low. The policy statement can be expected to repeat that inflation has eased over the past year but remains elevated…
With policymakers observing the traditional blackout period on public appearances ahead of the April 30-May 1 Federal Open Market Committee (FOMC) meeting, market participants will focus on the economic data calendar this week. The Bureau of Economic Analysis’ advance report on Q1 real GDP growth will undoubtedly be the marquee release. Inflation-adjusted business activity is expected to have slowed to a 2% annualized pace during Q1, but as is usually the case with the first look, the range of forecasts is wide…
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