FED: Richmond's Barkin: Whether Restrictiveness Is Sufficient Is A "Close Call"
Jul-31 17:20
The Wall Street Journal interviewed Richmond Fed President Barkin Friday; he's a hawkish-leaning mem...
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MNI EXCLUSIVE: Former Consultant To Regional Fed Banks On Outlook
Jul-01 17:18
MNI interviews former consultant and visiting scholar at several regional Fed banks -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
MNI EXCLUSIVE: External Advisor To Regional Fed Banks On Monetary Policy
Jul-01 17:13
MNI interviews outside advisor to regional Fed banks on monetary policy -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
US DATA: GDPNow Sees New Low For Q2 Tracking on Trade Hit, PDFP Still Strong
Jul-01 17:10
- The Atlanta Fed GDPNow for real GDP growth in Q2 has been revised down notably to 1.19% annualized vs 2.54% in its last published update, a new low for Q2 tracking.
- The update shouldn’t have been a big surprise with intra-release details showing it was driven by a larger than first thought drag from net exports (-1.6pp vs -0.6pp) following Friday’s surprisingly large goods deficit in May ($105.8bn vs $85bn) – we wrote more on this at the time here (https://mni.marketnews.com/4wFNeJZ) and here (https://mni.marketnews.com/4biQnqw).
- Underlying domestic demand still looks solid however, tracking at circa 3.0% annualized (adding 2.62pp to real GDP growth vs the 2.67pp in the previous update) after 1.7% in Q1 and 1.8% in 4Q25. It would technically be its strongest quarter since 3Q24 although was close with an average 2.9% through 2Q-3Q25.
Latest evolution in forecasts (Source: Atlanta Fed):
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Jul-31 19:08
