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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
- The Atlanta Fed’s GDPNow was revised down to 2.44% annualized from the 2.9% in the Aug 8 update for the still early days for the Q3 tracker.
- It's despite the surprise strength in today’s retail sales report, with downward revisions instead concentrated in gross private domestic investment growth being lowered from 2.8% to 0.0%.
- GDP growth is currently seen to have increased 2.8% in Q2, or an average 2.1% in 1H24 after 4.1% in 2H23.
- Latest contributions see consumer spending adding a strong 2.0pps vs the 1.6pps in Q2 and average 1.3pps in 1H24 after the 2.15 in 2H23.
- The main expected sequential drag relative to Q2 is in changes in inventories, now seen dragging -0.3pps as the volatile category swings from a 0.8pp boost in Q2 prior to which it dragged -0.4pps 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.
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