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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
- Today’s PCE data revealed that yesterday’s stronger than expected Q2 growth for personal consumption (1.6% vs cons 1.2%) consisted of a strong end to the quarter with strong implications heading into Q3.
- Specifically, real personal spending increased 0.4% M/M (cons 0.3 but all before yesterday’s Q2 data) and followed upward revisions to both May (0.1 from 0.0) and April (0.3 from 0.2).
- The strong 4.2% in Q1 was driven entirely by the 1.3% surge back in January before two flat months in Feb and Mar that skewered momentum in Q2, but the opposite is true heading into Q3.
- Indeed, the first estimate from Altanta Fed’s GDPNow points to a 3.5% real GDP growth.
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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