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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 AccessMNI BRIEF: BOJ Tankan To Show Slipping Sentiment
MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday
Congressional Path To Pushback Against Any Trump Fiscal Veto
Correction to earlier bullet, the comments flagged from McConnell were re: the NDAA Bill, as opposed to spending Bill matters (erroneous source used).
- So, for clarity: The majorities that the spending omnibus Bill passed with are veto-proof (although Trump did not directly threaten a veto of the Bill). If he lets the clock run down on government funding (set to expire at the end of Dec 28 without the passage of the omnibus Bill) without vetoing the Bill, the issue will have to be taken up by the new Congress, which is set to be sworn in on Jan 3. Meaning the matter could take weeks to resolve, and would result in delays to the disbursement of stimulus checks for individuals and the expiration of some unemployment support measures.
- House Speaker Pelosi has pointed to Democratic Party support for Trump's suggestion of $2,000 stimulus checks. We shall see what the Republican response to that matter is.
- Trump's other major source of discontent re: the package seemed to surround U.S. money going offshore (a well-documented pet hate of his), so it will be interesting to see how this is addressed. The clock is ticking.
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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.