CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

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

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

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Gov't Shutdown Risks Get "Real": Politico

US

Politico reports that a movement is afoot in Congress to ensure the federal gov't gets shut down this weekend:

  • "FRIDAY’S SHUTDOWN SHOWDOWN GETS REAL — Conservatives on both sides of the Capitol are privately plotting to force a government shutdown Friday in an effort to defund the Biden administration’s vaccine mandate on the private sector, multiple GOP sources told Playbook."
  • Little discernable market reaction on this- the immediate economic impact is seen as limited and market participants appear to expect any shutdown to be resolved relatively quickly.
  • But the situation bears watching as gov't shutdown deadline is 23:59:59 on Friday - failure to make a deal would throw further uncertainty into an already volatile market picture entering December (Fed tapering, Omicron variant among them).
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