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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's GDPNow estimate of Q2 GDP growth jumped to 2.45% from 2.02% in its prior estimate, owing largely to the surprisingly strong June retail sales report out this morning (and upward revisions to prior retail sales growth).
- This pushed up the Q2 real personal consumption expenditure (PCE) growth estimate to 2.1% from 1.6% prior.
- That's the strongest Q2 GDPNow forecast since June 27, having troughed at 1.55% on July 3 after soft ISM Services, trade, and durable goods releases (at which point PCE growth was estimated at 1.1%).
- The next GDPNow release will be tomorrow after housing and industrial production data.
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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