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 Monday.
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 Federal Open Market Committee (FOMC) meeting will be the marquee event this week. Market participants almost universally expect policymakers to leave the federal funds rate target range unaltered at 0 to .25%. Yet, with inflation running well above 2% for some time and labor market conditions…
Housing statistics will be front and center over the course of this holiday-shortened week. Home-builder optimism probably remained near an all-time high at the beginning of the New Year. A variety of factors hint that there may be some positive surprises in the Census Bureau’s update on new residential construction in December….
Having weathered the December employment report, market focus will turn to the Bureau of Labor Statistics’ end-of-year consumer price report. Lower energy costs probably capped the headline monthly gain, but year-over-year rates for the overall and core inflation gauges likely remained at their highest respective levels in over three decades. Preliminary retail sales figures for December and updated tallies…
Market participants will contend with a crowded economic release calendar ahead of Christmas. Buoyed by healthy labor market conditions, consumer sentiment probably improved heading into year-end….
The Federal Open Market Committee (FOMC) meeting will highlight the week. The FOMC is expected to leave the federal funds rate target range unaltered at 0 to ¼% but announce a faster pullback from the asset-purchase program that would presumably set the stage for increases in administered rates by the middle of 2022….
Market participants will face a comparatively thin economic data calendar this week. With the next Federal Open Market Committee (FOMC) meeting scheduled for December 14-15, the update on consumer prices in November will undoubtedly be the marquee release….
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.