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

Senate Deal On Debt Ceiling Sets Up Year-End Repeat

US

Senate Democrats are set to take up the offer of minority leader Mitch McConnell (R-KY) to raise the debt ceiling and avoid a catastrophic default on US gov't debt. The offer is set to see senate Republicans standing aside to allow Democrats to raise the debt ceiling to provide funding through to early December without filibustering.

  • As such, by the end of the year Congress will once again have the twin perils of increasing or suspending the debt ceiling while also working to continue gov't funding to prevent a shutdown of the federal gov't.
  • There may be some reasons for optimism, though. With another two months until the ceiling looms in the immediate vicinity, Senate Democrats have the time to seek to raise the debt ceiling via reconciliation (avoiding a filibuster and only needing 50 votes to pass). Majority leader Chuck Schumer (D-NY) has eschewed using reconciliation previously, but come December could find it the path of least resistance.
  • For Senate Republicans, the increase is being viewed as an opportunity to set up attack ads on vulnerable Democratic incumbents for voting for greater gov't debt come the 2022 mid-terms.
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
Homepagemarkets-real-timePolitical 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.