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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
McCarthy Ouster Sets Up Search For Replacement Amid Uncertain Process
On the evening of 3 October, Kevin McCarthy (R-CA) became the first-ever Speaker of the House of Representatives to be removed from office via a 'motion to vacate', engendering significant uncertainty within the US political system. It is unclear who on the Republican side could be best placed in replacing McCarthy, while the historic nature of the Speaker's removal could gum up the workings of Congress until a new Speaker can be voted in.
- Rep. Matt Gaetz (R-FL) introduced the motion to vacate in response to McCarthy's deal with House Democrats over the weekend to pass a 45-day stopgap bill to avoid a gov't shutdown. A total of eight GOP lawmakers joined with 208 Democrats in voting for the motion, with 210 Republicans voting against, a six-vote margin.
- Patrick McHenry (R-NC) is serving as acting Speaker at present, but has little authority. Majority leader Steve Scalise (R-LA) could be seen as the natural successor, but his recent cancer diagnosis might see him pass up the job. A Democrat taking the gavel seems very unlikely given the bitter ideological split in evidence at present.
- The actual process and timeline for getting a new Speaker in place remains unclear. There will be a concerted effort among moderate Republicans to get a new Speaker in place soon to deal with the gov't funding deadline now coming up on 17 November, but it is unclear if hardliners such as Gaetz will be as keen to fill the vacant chair.
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.