of indicators, such as ISM’s, PMI’s and consumer confidence pointing to a solid Q4 to follow. That quarter is currently tracking at 3.6% according to the Atlanta Fed. Chart 13: Eurozone PMI’s have picked up of late... Chart 14: US Consumer Confidence now at post-GFC highs 60.0 120 100 59.0 80 50.0 60 40 45.0 ———U

uarter is currently tracking at 3.6% according to the Atlanta Fed. Chart 13: Eurozone PMI’s have picked up of late

to the lowest level in more than a year (Chart 4). In contrast, both employment data and survey data suggest economic growth is on a tear (Figure 5). The Atlanta Fed’s GDPNow model is currently tracking 2.7% GDP growth for Q1. If it is not the data, what is driving the market’s apparent increased concerns about sta

ed official Raphael Bostic said. High-frequency data showed a EFTA00026425 --- PAGE BREAK --- leveling off of business openings and mobility, the Atlanta Fed chief told the FT. The trajectory will be "a bit bumpier than it might otherwise." The U.S. may ban TikTok. Michael Pompeo told Fox he's looking at

ry policy could soon be satisfied." Bill Dudley, New York Fed President, 12 November "I'm comfortable with moving off zero soon." Dennis Lockhart, Atlanta Fed President, 19 November 3 Economists 0% 20% 40% 60% 80% 100% % of economists Financial Review, Nov 10th 2015 2 Market Probability of a hike

tes are "stale" and that "some data since (the Aug=st FOMC meeting) is stronger." More broadly, the tone was more upb=at than his July 16 interview. Atlanta Fed President Lockhart, oft=n seen as a median voter on the FOMC, has also acknowledged the recent str=ngth in the data; comparing his August 23rd inte