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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
President Biden's approval rating has hit 37.6%, matching a record low approval rating of his presidency he experienced in July 2022, according to FiveThirtyEight.
- The latest cratering of approval comes off the back of TIPP survey which found, "President Biden's job approval ratings declined from 39% in November to 33% in early December, marking a new 35-month low."
- Despite Biden's cratering approval, betting markets see the 2024 presidential election tightening slightly. According to data from Smarkets, Trump remains the slight favourite although by the narrowest margin (3%) since November 11. Biden's bump likely comes off the back of a strong GDP report last week which saw GDP rise at a 5.2% annualised rate in Q3, revised up from 4.9%.
- Biden said in a statement last week: "Our actions have mended supply chains and helped bring inflation down to its lowest level in two years."
Figure 1: President Biden Approval Rating
Source: FiveThirtyEight
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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