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 comparatively light economic release calendar in the upcoming week. Updates on housing activity are expected to be positive on balance…
MSD Weekly Market Update: Week Ending November 8, 2024
While the outcome of the 2024 elections will occupy center stage this week, the Federal Open Market Committee (FOMC) will also meet to determine any changes in administered rates. Market-based expectations, which had entertained the possibility of another 50 bps cut at the time of the FOMC’s mid-September gathering, have receded and now anticipate a 25 bps reduction in the fed funds target range to 4.5-4.75%…
With the Fed now squarely focused on the employment side of its dual mandate, the Bureau of Labor Statistics’ November 1st update on the hiring environment in October will be the marquee event of the week. The median Street projection calls for a 135K increase in nonfarm payrolls, after the larger-than-expected 252K jump witnessed in September…
Market participants will contend with a quiet economic release calendar this upcoming week. Existing and new home sales probably were mixed as the Q3 ended, while stepped-up jetliner bookings boosted durable goods orders. The latest readings on initial and continuing jobless claims may provide useful information on the potential impact of recent hurricanes on the upcoming October employment report…
With employment and consumer inflation updates for September now in the past, market participants will monitor key inputs into Q3 real GDP growth tracking estimates. Retail sales likely quickened as the summer ended, hinting at upward adjustments to consumer spending forecasts…
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