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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.
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Free AccessBiden: Tax Cuts For Wealthy Not What The Economy Needs Right Now
President Biden has delivered (delayed) remarks at the White House to tout strong jobs data in today September jobs report.
- Biden: "This morning we learned the economy created 336,000 jobs in September alone. That means since I've taken office, we've created 13.9m new jobs."
- Biden: "The unemployment rate has stayed before 4% for 20 months in a row - the longest stretch in 50 years. We achieved a seven-year low in unemployment rate for women, and record lows in unemployment for African Americans and Hispanic workers, and people with disabilities. Folks who have been left behind in previous recoveries."
- Biden: "We have the highest share of working-age Americans in the workforce in 20 years. Its no accident. Its Bidenomics: We growing the economy from middle out and bottom out... Inflation is coming down at the same time. It's down 60% since last summer, core inflation was just 2.2% over the past three month. Now we have the lowest inflation of any major economy."
- Biden: "Bidenomics is leading the surge in unionised workers exercising their collective bargaining rights."
- Biden criticised House Republican calls for lower spending, saying that his policies have cut the deficit by over USD$1t: "It's not what the economy needs right now, more tax cuts for the wealthy."
To read the full story
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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.