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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
- Real GDP may have come in stronger than expected with its upward revision to 1.27% annualized but once again real Gross Domestic Income (GDI) provided a stark contrast.
- First data for real GDI showed a -2.3% annualized decline in Q1 after -3.3% in Q4, leaving an average for the two at just -0.5% annualized after -0.4% in Q4.
- We should caveat this by noting that historical revisions have been significant – in the opposite case to now, strength in GDI vs GDP in early 2022 was surprisingly revised away – but it nevertheless offers a weaker take on today’s GDP data.
- Note that the latest estimate for Q2 GDP from the Atlanta Fed isn’t showing any signs of this weakness, running at 2.9% as of the May 18 update.
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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