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
Following perhaps the busiest, data and events-wise, week of the year, markets will face a lighter week ahead. The past week’s FOMC outcome, despite containing two dissents (Governors Waller and Bowman, as covered and forewarned in last week’s edition), was generally considered mildly hawkish by the markets. On closer analysis, the dissenters appear to be outliers within the FOMC…
Following a week of second-tier data, the upcoming week will serve a blizzard of reports as well as the Federal Market Open Committee (FOMC) meeting. The FOMC outcome is slated for Wednesday afternoon. Given that recent economic data has portrayed general resilience and overall financial condition metrics are not tight, the Fed is expected to remain in “wait-and-see” mode, thereby leaving the fed funds range at 4.25 to 4.50%…
Following a busy week of economic data, the markets will confront a lighter slate of mostly second-tier reports in the upcoming week. Naturally, the market will be on guard for any developments on the status of Federal Reserve and FOMC Chairman Powell. The past week’s data, in general, portrayed economic conditions to be relatively stable and resilient. The inflation report revealed that trends are still above the Fed’s target…
After a light post-holiday week, the economic data calendar will be notably busier in the week ahead. The inflation-related reports are likely to be the most monitored and potentially influential releases, as they should provide further clarity on the timing of impacts from tariffs…
The market’s focus will return to the labor side of the Federal Reserve’s dual mandate this week when the Bureau of Labor Statistics (BLS) releases its update on the employment situation in June. Canvasses from the Institute for Supply Management (ISM) are expected to be mixed, with service-producing activity expanding and manufacturing contracting. A trio of Federal Reserve officials, including Chair Powell, are scheduled to make public appearances this week…
Having weathered the outcome of the latest FOMC meeting, market participants will contend with a crowded data calendar in the upcoming week. Both new and existing home sales likely retreated in May, while home-purchase prices ticked higher in April…
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