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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 was revised down to 2.7% from the 2.9% with the Apr 16 update for Q1 real GDP growth.
- Latest revisions: personal consumption from 3.5% to 3.3%, gross private domestic investment from 3.7% to 3.5%.
- This the final update before tomorrow’s Q1 advance. Bloomberg consensus sees a 2.5% estimate for relatively little difference between the two estimates after the GDPNow has outperformed analysts in recent quarters.
- It follows two particularly strong quarters after 4.9% in Q3 and 3.4% in Q4.
- The Atlanta Fed estimates that a large part of the moderation from the 3.4% in Q4 is net exports, seen dragging -0.5pps from GDP growth vs the +0.25pp contribution in Q4.
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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