MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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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MNI BRIEF: Yellen Says Americans' Deposits Are Safe

Treasury Secretary Janet Yellen plans to tell lawmakers Thursday Americans' deposits are safe and officials would be prepared to protect smaller banks if necessary.

"We have used important tools to act quickly to prevent contagion. And they are tools we could use again," she said in prepared testimony to Congress.

"The strong actions we have taken ensure that Americans’ deposits are safe. Certainly, we would be prepared to take additional actions if warranted."

In a separate hearing Wednesday Yellen said she has not considered or discussed "blanket insurance" to banking deposits without approval by Congress. Some banking groups have urged the Biden administration and the FDIC to temporarily guarantee all U.S. bank deposits.

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
USPolicy NewsHomepageFiscalGovernment sectorRegionBriefPolitical RiskStoryRegulationNorth America
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
USPolicy NewsHomepageFiscalGovernment sectorRegionBriefPolitical RiskStoryRegulationNorth America

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