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 face an extremely light economic release calendar leading into Memorial Day weekend. Contracts to purchase a newly constructed home and closings on existing dwellings both probably climbed higher in April. Leading indicators likely dipped for a fifth straight month. Yet, initial and continuing jobless claims remained near recent levels…
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…
Archives
The content provided in these disclosures is presented as a courtesy to be used only for informational purposes and is not represented to be error free. The FHLBNY makes no representations or warranties of any kind with respect to the content contained herein, such representations and warranties being expressly disclaimed. The FHLBNY is not a financial or investment advisor.
Moreover, the FHLBNY does not represent or warrant that the content of these disclosures is accurate, complete or current for any specific or particular purpose or application. It is not intended to provide nor should anyone consider that it provides legal, accounting, tax or other advice. Such advice should only be rendered in reference to the particular facts and circumstances appropriate to each situation. The FHLBNY encourages you to contact appropriate professional(s) and consultant(s) to assess your specific needs and circumstances and to render such advice accordingly. In addition, the FHLBNY is not endorsing or recommending the use of the means or methods contained in or through these disclosures for any special or particular purpose.
It is solely your responsibility to evaluate the risks or merits of any funding or investment strategy. In no event will FHLBNY or any of its officers, directors or employees be liable for any damages — whether direct, indirect, special, general, consequential, for alleged lost profits, or otherwise – that might result from any use of or reliance on these materials.