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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
13:00 ET 18:00 BST: President Biden will deliver another speech on his “Bidenomics” agenda amid sceptical polling data on his economic performance.
- A new Monmouth University survey finds that, “Only 3 in 10 Americans feel the country is doing a better job recovering economically than the rest of the world since the pandemic.” The survey also finds that only 34% of Americans approve of his handling of inflation.
- Patrick Murray at Monmouth said: “The president has been touting ‘Bidenomics,’ but... Americans are just not giving him a lot of credit when it comes to the economy.”
- A White House spokesperson said: “Polls don’t tell the full story," but the numbers are ominous for Biden. According to Bloomberg sources, “White House officials started to panic about a month ago that Americans were not giving President Joe Biden credit for his economic achievements.”
- Mark Zandi at Moody’s Analytics notes one of the key problems for Biden - the US economy is unlikely to receive a boost from the infrastructure law, Inflation Reduction Act and CHIPS Act until 2026.
Figure 1: “Bidenomics Performance”
Source: Monmouth University Polling
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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