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.
U.S. GDP growth in Q2 fell short of expectations, increasing at an annual rate of 6.5%, the Bureau of Economic Analysis said Thursday, when forecasters had anticipated an annualized gain of 8.5%. First quarter GDP was revised down slightly to 6.3% from 6.4%.
The increase mostly reflects increases in PCE (+11.8%), nonresidential fixed investment (+8%), exports (+6%), and state and local government spending (+0.8%) that was at least partially offset by declines in residential fixed investment (-9.8%) and federal government spending (-5%).
Meanwhile, the GDP price index was up 5.7% in Q2 following a smaller 3.9% increase in Q1. The PCE price index increased 6.4% compared with an increase of 3.8% in Q1. Excluding food and energy prices, the PCE price index was up 6.1% after growing 2.7% in Q1.
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.