Free Trial

(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
US VIEW: Wells Fargo strategists Boris Rjavinski and Zachary Griffiths said that
the "U.S. long-term fiscal standing becomes more suspect" as "many signs point
to a worsening budget deficit."
- "The WFS economics team calls for the deficit to hit $750 billion in 2018,
then reach $900 billion in 2019," they said. "Moreover, there are significant
upside risks to this already worrisome baseline view. We still expect tax reform
to take place in early 2018, with the statutory corporate tax rate falling from
35% and individual tax cuts to go along with it."
- They add that "the ambitious tax reform plans announced by the White House and
Republican leaders in Congress potentially could add $2 trillion to the
government deficit over 10 years, even without an infrastructure spending
package. Although a second-order effect, the government's debt service cost may
rise meaningfully driven by the combination of growing debt and higher yields.
It is enough to make fiscal hawks lose sleep."

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.