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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 April Chicago Fed National Activity Index came in at a below-expected 0.47 (0.50 survey) vs 0.36 prior (revised down from 0.44).
- Since a zero value is associated with growth at its historical trend, the April report suggests that US growth was above-trend in April (as has been the case since October 2021).
- The report notes that "Sixty-two of the 85 individual indicators made positive contributions to the CFNAI in April, while 23 made negative contributions. Forty-seven indicators improved from March to April, while 37 indicators deteriorated and one was unchanged."
- This isn't a market-moving data point, since it's based on data that has already been released - but its modest uptick in April helps confirm the broader narrative that the US economy was growing at a decent pace to begin Q2, with production-related indicators doing much of the heavy lifting.
Source: Chicago 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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