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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 has marginally lowered its Q2 real GDP estimate to 3.5% annualized from 3.6% with the May 16 update.
- The downward revision comes from real gross private domestic investment growth from 5.6% to 5.1%.
- Specifically, that’s entirely from residential investment which is seen as a light drag (-0.1pps vs +0.1pps in the May 16 update) after existing and more notably new home sales data.
- It follows three quarters of positive contributions, including +0.5pp, prior to which there were nine consecutive quarters with a drag to quarterly GDP growth worth an average -0.46pps.
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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