The Daily Advisor: January 17, 2025

Three Things To Know Today

1. Martin Luther King Jr. Day | Holiday Hours
In observance of Martin Luther King Jr. Day, FHLBank Chicago and the Mortgage Partnership Finance® (MPF®) Program are closed on Monday, January 20, 2025.

2. Where Is the Economy Headed in 2025? | Banking on Connections Podcast
James Hotchkiss, FHLBank Chicago’s in-house economist, shares what he’s seeing in the market and economy in the early part of 2025 and into the coming months. Is there an expected path forward for interest rate cuts? Is the worst of inflation behind us? Will the housing market improve? Hear all this and more on our new episode!

3. FHLBank Chicago Welcomes Fern Orie to Community Investment Advisory Council
We are pleased to announce the appointment of Fern Orie, CEO of the Wisconsin Indigenous Housing and Economic Development Corporation (WIHEDC), to our Community Investment Advisory Council and the reappointment of three members.


Market Commentary

U.S. equity markets closed modestly lower on Thursday following retail-sales data for December. The S&P 500 and Dow were down 0.2%, and the Nasdaq shed 0.9%. Despite strong fourth-quarter earnings from major financial services companies, bond yields finished the day lower, with the 10-year Treasury yield closing around 4.62%. Treasuries climbed, building on post-Consumer Price Index (CPI) gains, as Federal Reserve Governor Christopher Waller's comments on potential rate cuts reenergized the market.

 

Disclaimer

The data and valuations provided in this document are for information purposes only and are provided as an accommodation and without charge. The Federal Home Loan Bank of Chicago makes no representations or warranties about the accuracy or suitability of any information in this document. This document is not intended to constitute legal, investment, or financial advice or the rendering of legal, consulting, or other professional services of any kind.

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