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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
- The first estimate for Q4 from the Atlanta Fed GDPNow tracker comes in at 2.3% annualized.
- Whilst obviously very early in the quarter, it gives an idea of where momentum lies heading into the quarter.
- It follows the 4.9% annualized from the Q3 advance release published yesterday (for which the GDPNow was tracking 5.4% vs analysts consensus of 4.5%).
- A big part of the projected slowdown is from the change in private inventories, very tentatively seen dragging -0.55pps on the quarter having added +1.3pps to Q3 [right hand chart below shows Q3 contributions for scale].
- Consumer spending meanwhile is seen adding 2.04pps after 2.7pps in Q3.
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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