Financial Intelligence - First Quarter 2022 Economic Update

First Quarter 2022 Economic Update By Corporate Strategies and Solutions August 3, 2022

As soon as the U.S. seemingly emerged from the major slowdown caused by the pandemic, it appears another recession is looming.

A new wave of COVID cases hit energy prices are sky-high due to sanctions on Russia and strong global demand for oil and gas and inflation remains elevated despite the Federal Open Market Committee’s (FOMC) best efforts. Overall, the U.S. economy contracted 1.6% in the first quarter of 2022.

Of the Tenth District* (District) states, Colorado proved most resilient. At -1.9% growth, Colorado still ranked in the bottom half of states nationwide but weathered the storm given strength in sectors like real estate and rental and leasing as well as technology.

For more in-depth commentary about this report and reactions from the July 2022 FOMC meeting go to the Bank Statements podcast >>>

Get the Bank Report

Corporate Strategies and Solutions Our Corporate Strategies and Solutions department monitors today’s economic environment and analyzes our members’ financial trends and business activity. The department serves our members by identifying funding and liquidity strategies or solutions that fit their needs and help them enhance their financial performance.

07/18/2023 First Quarter 2023 Economic Update arrow_forward 07/07/2023 Set the Stage for Your Liquidity Needs arrow_forward 06/26/2023 Q1 2023 Community Financial Institution Trends arrow_forward

Resources and Latest News

Whether you want to watch, listen or read, we have content that fits your preferences.

Videos & Podcasts Events Financial Intelligence Latest News

All Resources

News April 24, 2023 New Putable Advance Debuts Today Today’s the day! When rates are released later this morning, you’ll see a new option – the putable advance.

News March 30, 2023 FHLBank Topeka Announces Native American Housing Initiatives Grants Program FHLBank Topeka is excited to announce a 50 percent increase in our annual contribution to affordable housing and community development initiatives throughout Colorado, Kansas, Nebraska and Oklahoma.

Financial Intelligence April 13, 2023 How Loan Balance Pricing Works On April 10, 2023, FHLBank Topeka activated loan balance pricing via the MPF Traditional Product.

Video / Podcast 13:11 play_arrow September 12, 2022 2022 Community Leader Award Congratulations to Fidelity Bank, our 2022 honoree.

Financial Intelligence July 20, 2022 Beta Preparation Two things have remained consistent since the start of the pandemic – uncertainty and speed. As the Federal Open Market Committee (FOMC) combats inflation by rapid tightening with the historic rate increases and pace garnering greater publicity, deposit customers are beginning to seek more attractive yields.