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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Schumer Pushes For Vote On Bill To Revoke Russian Normal Trade Status

US

Senate Majority Leader Chuck Schumer (D-NY) has appealled for unanimous consent in the Senate to set a vote on the bill to revoke Russia's normal trade status.

  • Schumer says on the Senate floor ahead of the vote for unanimous consent: 'Last week the House passed the bill 424-8. Here in the Senate [Republican Senator Mike Crapo (R-ID)] wants to add an oil ban. I don't think we should do that.'
  • Schumer's explanation for not adding an oil ban:
    • President Biden has already passed an executive order to ban Russian oil and gas.
    • The President is leaving today and meeting with allies. He should have something to deliver to European allies.
    • Adding the oil ban will delay action.
  • Congress has been stalled for weeks in its push to legislate a response to Russia's invasion of Ukraine but if Schumer can get unanimous consent a vote could take place as early as this afternoon.
  • This will be Schumer's third attempt at teeing up the bill for a vote. Schumer said: 'There is absolutely no reason to change what the House has already approved...Republicans who complain of delay are the ones who are delaying.'
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.