FHLBs: Meeting liquidity needs in all market conditions
The Federal Home Loan Banks play a critical role in market functioning—especially during periods of volatility.
The Federal Home Loan Banks play a critical role in market functioning—especially during periods of volatility.
There were $691.7 billion in retail and food service sales in February a decrease of…
The Producer Price Index for final demand declined 0.5% in March, seasonally adjusted, the U.S.…
The Consumer Price Index increased 0.1% in March on a seasonally adjusted basis, after increasing…
Seasonally adjusted net 15 percent planning to create new jobs in the next three months,…
Consumer credit increased at a seasonally adjusted annual rate of 3.8% in February and 3.7%…
Annual inflation fell for the ninth consecutive month in March, dropping from 6.0% in February to 5.0% in March. It is now at its lowest level since May 2021. Shelter costs, a lagging indicator, continued to rise but were offset by deflation in energy prices (not shown) and some moderate disinflation in food prices. However, annual core CPI inflation (excl. food and energy) ticked up from 5.5% last month to 5.6% in March.
The economic fallout from last month’s bank closures failures led some Federal Open Market Committee members to support a lower increase in the federal funds rate than they had anticipated up to that point, according to minutes of the committee’s March meeting.
Federal Reserve officials need to be cautious about aggressively raising the federal funds rate given potential “financial headwinds”—such as tighter credit conditions—following the closures of Silicon Valley Bank and Signature Bank, Chicago Fed President Austan Goolsbee said.
Many first-time homebuyers feel more certain about their financial situations than they did just two years ago, according to a new survey by TD Bank.