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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 Warns Republicans Against "Reckless Threats" In GDP Statement
US President Joe Biden has issued a statement on today's GDP report, touting the success of his 'Bidenomics' agenda for growing the economy whilst bringing down inflation.
- Biden: "...today we learned the economy grew 4.9% in the third quarter. I never believed we would need a recession to bring inflation down, and today we saw again that the American economy continues to grow even as inflation has come down."
- Biden continued: "It is a testament to the resilience of American consumers and American workers, supported by Bidenomics, my plan to grow the economy..."
- Biden concluded by warning Republicans in Congress against, "putting our economy at risk with reckless threats of a shutdown or proposals to cut taxes for the wealthy and large corporations..."
- Biden's statement foreshadows a challenging relationship with new Speaker of the House of Representatives, Mike Johnson (R-LA), described by Republicans and Democrats alike as "MAGA Mike," - and labelled the most conservative speaker in modern Congressional history - as Biden petitions Congress to approve two huge supplemental funding packages totaling over USD$155 billion.
- Biden campaign spokesperson, Ammar Moussa, said in a statement yesterday: “...to every MAGA Republican who supported [Johnson]: We’ll see you in November.”
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.