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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 OUTLOOK/OPINION
The Atlanta Fed's GDPNow foreacst for Q1 2021 fell to 4.7% Q/Q SAAR in the latest set of revisions today, with the nowcast's model dragged down by weaker inventory figures out this morning (and offsetting stronger-than-expected private consumption).
- This marks the first time that the Nowcast model has an estimate for the quarter that is below the Bloomberg economists' consensus (last 4.8%, just over half the 9.5% seen as of mid-Feb).
- While of course it's the next few quarters that the market is counting on to deliver a significant rebound in activity, the short-term forecasts appear to have become a little over-exuberant.
Atlanta Fed, BBG, MNI
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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