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

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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

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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MNI POLITICAL RISK ANALYSIS - US Daily Brief 29-11-22

US
  • The Biden administration is preparing a last-resort, one-year stopgap government funding bill as time runs out to legislate a FY23 omnibus.
  • President Biden has called on Congress to take legislative action of avert a rail strike.
  • House Minority Leader Kevin McCarthy (R-CA) is taking a rigid position in his standoff with conservative Republicans.
  • Former President Donald Trump is receiving blowback after dining with white nationalist Nick Fuentes at his Mar-a-Lago resort, in Florida.
  • Russia doesn't believe nuclear talks with with the US will resume this year after postponing plans to conduct the first New START negotiations with the US since COVID-19 mothballed inspections.
  • French President Emmanuel Macron arrives in the US today for the first state visit of President Biden’s tenure amid strain in the Franco-US relationship over the establishment of AUKUS and a simmering trade dispute over the Inflation Reduction Act (IRA).
  • US Secretary of State Antony Blinken is continuing engagements at the NATO foreign ministerial in Bucharest, Romania.
  • US State Department official Geoffrey Pyatt is in Japan this week to launch the Japan-US Energy Security Dialogue as Japan prepares to assume leadership of the G-7.
  • Poll of the Day: Atlanta suburbs are pushing marginal Georgia elections towards Democrats.
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