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From the Desk

This daily newsletter conveniently delivers financial and economic commentary from around the globe, updated FHLB Des Moines advance rates and Bank announcements right to your inbox.

Recent Economic Commentary

Brandon Casey, Member Strategies - 1/14/2025

U.S. stocks are higher Tuesday morning as investors digest the latest inflation reading. Both the DJIA and S&P 500 were higher on Monday, while the Nasdaq was lower. Investors will now turn their focus to the release of the latest consumer inflation report tomorrow.

Looking at economic data today, the Producer Price Index rose 0.2% in December, below expectations of 0.4% Excluding food and energy, core prices were unchanged, compared to forecasts of 0.3%. On annual basis, producer prices are up 3.3%, versus 3.0% last month, and core prices were also up 3.3%, down from 3.5% last month.

Elsewhere, the NFIB Small Business Optimism Index rose to a reading of 105.1 in December, the highest level in six years. Small business owners’ cited economic growth, improved business conditions, and lower inflation  as reasons for the improvement. Overall, seven of ten components were higher during the month.

U.S. Treasury yields are lower this morning, with the 2-year Treasury down 1.8 basis points to 4.38%, the 5-year Treasury yield down 1.5 basis points to 4.60%, and the 10-year Treasury yield down 0.6 basis points to 4.80%. Advance rates are mostly higher today.

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