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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
Decent divergence in opinion on Q2 growth from the regional Fed nowcasts out today, each of which saw modest upgrades from their previous respective updates:
- The New York Fed's GDP Model looks for 4.4% Q/Q annualized growth in the quarter. ("Positive surprises from ADP employment and business inventories data accounted for most of the increase in both quarters")
- The St. Louis Fed's Real GDP Nowcast Model sees GDP at 8.7% (their model takes into account economic surprises vs consensus).
- And as of Tuesday, the Atlanta Fed was tracking 10.3% (next update is Tuesday Jun 8).
- Bloomberg consensus is for the quarter toward the higher end of those expectations, at 9.2%.
Source: St Louis 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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