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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Retail sales -1.0% (cons -0.4%) in March in greater than expected continued payback after January’s 3.1% M/M surge (only very small net upward revision to Jan/Feb).
- Sales ex auto & gas (-0.3% M/M) and control group sales see a small beat though, the latter falling -0.3% (cons -0.5%) after an unrevised +0.5% M/M - it's a small beat for a series that increased 2.4% M/M in Jan.
- The control group sees an unchanged (nominal) 3-month trend at a strong 10.4% annualized.
- The retail sales data have lately given a good indication of broader consumer spending, but with real consumer spending clearly lagging with 2% annualized as of Feb data.
- Chicago Fed’s Goolsbee cites today’s data as showing a bit of the lag [from the Fed previously raising rates “a lot”].
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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