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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.
US
President Biden ends the week with his approval rating underwater but showing some preliminary signs of recovery after a challenging four-month period which saw a dip in support amongst Democrat voters over Biden handling of the war between Israel and Hamas.
- Biden said in a statement following today's jobs report: "America’s economy is the strongest in the world. Today, we saw more proof, with another month of strong wage gains and employment gains of over 350,000 in January, continuing the strong growth from last year."
- FT cites, Tom Simons, US economist at Jefferies, [who] described the figures as “stunning numbers” that left him “near speechless”.
- The problem for the White House has been translating strong economic data into a saleable message for voters. The Biden administration was criticsed in summer last year for touting economic strength when consumers were still under the strain of inflation. While the White House will likely be cautious about repeating that mistake, the next few weeks appear opportune for a major pivot to the economy.
Figure 1: President Biden Approval Rating
Source: 538
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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