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
Market participants will confront a busy data calendar this week. While the focus will be on the inflation data, other reports will help provide direction for tracking estimates of Q2 real GDP growth. The median call stands at 1% annualized, after Q1’s .3% decline, with nowcasts from Fed District Banks centered at 2.3%…
Market focus will clearly be on Wednesday’s FOMC meeting decision, communique, and press conference. Fed-prognosticators universally predict no action on rates, as Fed members and Chair Powell himself have indicated the desire for a further “wait and see” period…
Markets will contend with a busy data calendar this week, including government statisticians’ first look at aggregate economic activity and labor market conditions in April…
Market participants will face a calendar of mixed economic releases this coming week. Both new and existing home sales are expected to have retreated from their reported February levels. Commercial aircraft bookings likely fueled the largest increase in durable goods bookings since last July. Weekly unemployment insurance figures probably remained solid…
The economic calendar will be busy this coming week. Updates on retail sales, industrial production, and new residential construction activity in March will allow economists to refresh projections for Q1 real GDP growth…
Having weathered the Bureau of Labor Statistics’ update on labor-market conditions last month, the attention of market participants will turn once again to the inflation side of the Federal Reserve’s dual mandate…
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