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 a heavy data calendar, in addition to multiple Fed speakers, this week. Wednesday’s Consumer Price Index (CPI) update for April will surely be the marquee report. Capped by an anticipated deceleration in non-energy goods and services costs, CPI likely rose by .3% in April, following a pair of .4% increases in February and March…
Having weathered the latest Federal Open Market Committee meeting and the Bureau of Labor Statistics’ update on the employment situation in April, market participants will face an extremely quiet economic release calendar this upcoming week…
The Federal Open Market Committee (FOMC) meeting will be the marquee event of the upcoming week. Policymakers are expected to leave the Federal Funds rate target range unaltered at 5¼% to 5½%. The post-meeting communiqué likely will reiterate that activity has been expanding at a solid pace, job gains have remained strong, and the unemployment rate is low. The policy statement can be expected to repeat that inflation has eased over the past year but remains elevated…
With policymakers observing the traditional blackout period on public appearances ahead of the April 30-May 1 Federal Open Market Committee (FOMC) meeting, market participants will focus on the economic data calendar this week. The Bureau of Economic Analysis’ advance report on Q1 real GDP growth will undoubtedly be the marquee release. Inflation-adjusted business activity is expected to have slowed to a 2% annualized pace during Q1, but as is usually the case with the first look, the range of forecasts is wide…
The upcoming week serves a crowded calendar of economic data and public appearances by Federal Reserve officials. Reports on retail sales, residential construction activity, industrial production and existing home sales will allow economists to fine-tune their projections for real GDP growth in Q1…
With the March employment report in the rear-view mirror, market focus will turn to the inflation side of the Federal Reserve’s dual mandate. The median Street projection calls for yet another .4% rise in the headline Consumer Price Index (CPI) last month, but waning beginning-of-the-year residual seasonality in core goods and services costs hints that a more favorable result may be in store. Away from the Bureau of Labor Statistics’ updates on consumer and producer price inflation, the economic calendar will be quiet. The latest soundings on small business and consumer confidence likely will show significant improvement, while jobless claims probably remained confined to recent ranges…
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.