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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.
US
A new survey from Gallup has found that President Biden’s approval rating and the approval rating of Congress are on a similar downtrend.
- Gallup: “Americans’ approval ratings of President Joe Biden and Congress remain well below average. Biden’s current 39% job rating is on the low end of the 37% to 44% readings he has received since September 2021, and it falls short of his 43% term average. Congress’ latest 13% approval marks its 16th consecutive rating under 21%, the average since January 2021.”
- Gallup notes the political significance of the data: “As he tries to win a second presidential term, Biden’s low approval rating makes him vulnerable. Americans’ poor opinion of Congress may also affect their willingness to vote for incumbents this year.”
- NPR notes on the power of the incumbecy: "Ninety-seven percent of incumbents get reelected. Last election cycle, 100% of Senate incumbents on the ballot got reelected. Not a single sitting U.S. senator was defeated last cycle."
Figure 1: Americans' Job Approval Ratings of President Joe Biden and Congress
Source: Gallup
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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