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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.
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Free AccessScant Expectations for Today's Biden - McCarthy Meeting
- Some focus on the meeting set to be held between President Biden and Speaker McCarthy later today - this is the first meeting between the two leaders since early February and is pencilled in for 1600ET (2100BST).
- Senate Majority leader Schumer, House Dem Jeffries and Mitch McConnell are also set to be in attendance, but there are few signs that much progress will be made today.
- NYT writes: "even the terms of the discussion are in dispute: Mr. McCarthy insists the president negotiate a debt ceiling deal with him, while Mr. Biden insists the meeting will just be an opportunity to tell the speaker that there will be no negotiations over the limit."
- As such, there are scant expectations for market moving comments or even any progression toward a solution for the debt ceiling. Citi write that they do not expect much market impact as of yet.
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.