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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
- Despite being a composite of known measures, the Chicago Fed national activity index came in weaker than expected in August at -0.16 (cons +0.10) after a downward revised +0.07 (initial +0.12).
- It meant a return to negative readings for the index, with only three positive figures in the eight months of the year to date.
- Recall: “A zero value for the monthly index has been associated with the national economy expanding at its historical trend (average) rate of growth; negative values with below-average growth (in standard deviation units)”
- The main two drivers for the latest decline came from production-related indicators (contributed –0.02 in Aug from +0.12 in July) and the personal consumption and housing category (-0.08 in Aug from +0.03 in July).
- Elsewhere, there was little change from the contribution of the sales, orders, and inventories (-0.03 after -0.04) and employment-related indicators (unchanged at -0.04).
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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