MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Biden To Make Play For Center Ground In State Of The Union Speech

US

21:00 ET 02:00 GMT: President Joe Biden will make a play for the political centre ground when he delivers his State of the Union speech in front of the Republican-controlled House of Representatives this evening.

  • Biden will tout low unemployment, improved inflation data, and increased optimism that the US will avoid a recession as a sign his policies are working.
  • He will deflect criticism from a hawkish Capitol Hill that his administration is soft on China following the Chinese spy balloon incident.
  • NEC Director Brian Deese said Biden, “understands that we have a lot more work to do when it comes to the economy” and Biden will assert that the "big three" Democrat legislation – IRA, CHIPS, and Infrastructure Act – will begin to impact Americans positively in 2023.
  • Biden will stress the debt limit must never be used as a bargaining chip and challenge an "extreme" GOP to "step up and work with him" to resolve the standoff.
  • Biden is also expected to push for stricter gun control, universal pre-K, child care, and other social spending priorities that will gain little movement in the split Congress but will likely underpin a 2024 campaign.
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.