Economic data this week mostly registered higher than forecast; we review this dynamic in one of our charts. In the wake of last week’s labor market-related data, which portrayed relative stability, and then this past week’s still-elevated inflation readings, a hike at the Fed’s December 9th meeting appears more certain. Indeed, Fed Governor Waller this past week even expressed openness to the prospect of a 50-bps hike. The upcoming week offers a plethora of data and Fed voting-member appearances; the October 28th FOMC Minutes will also be released on Wednesday...

Watch this informative webinar featuring Jason Grubbs, Executive Vice President at The Frazer Lanier Company, to learn about FHLBNY’s AA+ rated Letters of Credit (LOC). Discover how these flexible and cost-effective tools can enhance liquidity management, secure obligations, and optimize funding strategies...

The banking industry has changed dramatically over the past decade. Following years of near-zero interest rates after the Global Financial Crisis, institutions navigated one of the most aggressive monetary tightening cycles in modern history. Since 2022, the Federal Reserve increased short-term interest rates by more than 500 basis points before beginning a gradual easing cycle and more recently a Fed rate hike, creating one of the most challenging operating environments for balance sheet managers in decades...