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
Market participants will contend with a crowded economic release calendar this week. May reports on consumer spending, construction outlays and nondefense capital goods shipments will allow economists to update their tracking estimates for current-quarter real GDP growth…
Having weathered the largest increase in official rates since 1994, market participants will face a very light economic release calendar this week. Both existing and new home purchases likely declined in May. The current account deficit probably clocked in at a record wide during the winter quarter….
The Federal Open Market Committee (FOMC) meeting is the marquee event of the week. Despite the continued uncertainty caused by the Russia-Ukraine war, the FOMC is universally expected to raise the federal funds rate target range by 50 bps to 1.25 to 1.5% and indicate that ongoing increases likely will be appropriate in coming months…
Market participants confront a very light economic release calendar this upcoming week. The marquee report will be the Bureau of Labor Statistics’ update on consumer goods and services costs last month. Year-to-year increases in closely followed….
Market participants will contend with a crowded data calendar next week. Upcoming reports are expected to be decidedly mixed. Labor-market soundings likely will be solid, with job openings soaring to a record high and the unemployment rate dipping to a level not seen…
Market participants will assess this week’s slate of economic reports for clues to the pace of current-quarter growth. A significantly wider international trade gap, inventory liquidations, and reduced government outlays triggered a 1.4% annualized contraction in real GDP in Q1…
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