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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 Atlanta Fed GDPNow tracker revises Q1 real GDP growth down to 2.34% annualized vs the 2.54% at the Mar 7 estimate. Whilst still relatively resilient, the tracker has generally trended lower since the earliest vintages for Q1.
- It would follow two quarters averaging 4.0% annualized in 2H23 but remain above the 2.15% averaged in 1H23.
- Latest downward revision for personal consumption (2.9% to 2.2%) vs upward revisions for private domestic investment (1.7% to 3.0%) and government spending (2.4% to 2.7%).
- It follows Morgan Stanley revising down their Q1 GDP estimate from 2.3% to 2.0% after retail sales, based on consumption being lowered from 2.2% to 1.6% “due to significant downward revisions to dining out in January and broad-based downward revisions to December”.
Source: Atlanta Fed
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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