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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 modestly stronger than consensus, bouncing to +2.6% annualized in Q3 (cons 2.4 but Atlanta Fed GDPNow 3.1%) after an average -1.1% in 1H22.
- Beat in personal consumption, rising 1.4% (cons 1.0%) but that’s still a slowdown from 2.0% in Q2.
- However, weaker momentum from businesses at the end of the quarter tarnish the GDP beat somewhat, with core durable goods orders/shipments both weaker than expected and after downward revisions.
- Core orders fell -0.7% M/M (cons +0.3) in September, the weakest since May'21 and after that Apr'20, following +0.8% M/M (initial 0.8%).
- It reverses some of the recent upward momentum, with the trend rate dipping from (a nominal) 9% to 7% annualized.
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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