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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 has further increased its real GDP growth forecast to 2.7% from 2.5% yesterday in continued recent upward momentum having dropped to 1.55% on Jul 3.
- Building on an already healthy uplift after yesterday’s retail sales, today’s upward revisions after housing starts and industrial production were in personal consumption (2.1% to 2.2%) and gross private domestic investment (from 7.7% to 8.9%).
- Consumption is currently seen adding 1.5pp to GDP growth in Q2, accelerating from 1.0pp in Q1 having stepped down from a strong 2.16pp averaged in 2H23.
- Changes in inventories are still seen providing a large sequential boost on the quarter, shifting from -0.4pp in Q1 to an assumed +0.95pp.
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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