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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MNI POLITICAL RISK - US Daily Brief

US
  • President Biden unveiled his USD$6.8 trillion FY24 budget request yesterday. Biden proposed tax hikes on the wealthy to extend Medicare solvency and reduce the deficit but made few concessions on spending, setting up a confrontation with the GOP over fiscal policy with a default looming.
  • Biden made it clear that there will be no negotiations with the GOP until House Speaker McCarthy (R-CA) releases his budget which may not come until late spring or summer, dangerously close to Treasury's "x-date."
  • President Biden will host European Commission President Ursula von der Leyen at the White House today for talks on the IRA and China.
  • Relations between the US and Mexico strain amid accusations from US lawmakers that Mexico is unwilling to prevent the transit of narcotics into the United States.
  • Florida Governor Ron DeSantis (R-FL) has given his clearest statement so far that he plans to run for President in 2024.
  • House Republicans will introduce a broad package of energy legislation entitled the Lower Energy Costs Act, next Tuesday.
  • Poll of the Day: “New York is increasingly unchallenged as the world’s financial center.”
Full Article: US Daily Brief
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