© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: Canada's 2022-23 Budget Deficit Is Near Forecast

MNI BRIEF: ECB Needs More Than Two Rate Hikes - IMF Official

MNI China Daily Summary: Friday, May 26

EZ/UK Bond Supply Calendar: Italy BTP/CCTeu Auction on Tuesday

EZ/UK T-Bill Calendar: Belgium, Germany & France to issue Tues

MNI: US APR PERSONAL INCOME +0.4%; NOM PCE +0.8%

(RPT)MNI INTERVIEW: Fed Needs Better QE Guardrails-Fed Adviser

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Atlanta Fed GDPNow Revised Down From 2.9% to 1.9% On Net Exports Drag

US DATA
Metals bulletEM BulletFixed Income NewsHomepageCommoditiesEnergy BulletsBulletMarketsEmerging Markets NewsForeign Exchange News
  • Despite today’s stronger than expected real consumer spending data, the first update for the Atlanta Fed’s Q2 GDP tracker since May 17 saw it revised down from 2.9% to 1.9% for one of its lowest figures in still early days for the Q2 tracker.
  • “Decreases in the nowcasts of Q2 real net exports and real gross private domestic investment growth were partially offset by increases in the nowcasts of Q2 real personal consumption expenditures growth and real government spending growth.”
  • Contributions show a heavy drag from net trade of -1.1pps (vs previously seen +0.34pps) whilst personal spending is now seen tracking a contributions of 1.58pps (up from 1.1pps).

Source: Atlanta Fed

124 words

To read the full story

Why Subscribe to

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.
  • Despite today’s stronger than expected real consumer spending data, the first update for the Atlanta Fed’s Q2 GDP tracker since May 17 saw it revised down from 2.9% to 1.9% for one of its lowest figures in still early days for the Q2 tracker.
  • “Decreases in the nowcasts of Q2 real net exports and real gross private domestic investment growth were partially offset by increases in the nowcasts of Q2 real personal consumption expenditures growth and real government spending growth.”
  • Contributions show a heavy drag from net trade of -1.1pps (vs previously seen +0.34pps) whilst personal spending is now seen tracking a contributions of 1.58pps (up from 1.1pps).

Source: Atlanta Fed