To me, context is about pattern recognition.

It's connecting the dots.

It's giving readers an ability to synthesize

a number of different perspectives

so they can understand how the greater whole works,

because nothing really occurs in isolation anymore.

I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion.

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First, Billy joining us here in our Bloomberg 11th year in New York, managing director

and head of North American economics at City.

Give us a sense of how you processed all of the Fed speak

this week, all of the comments from various memories

of the Federal Reserve.

You know, I think this is probably the best example of the success of Fed Talk, right?

I mean, they were out of the picture with probabilities of like 20 or 30, just about a week or two

weeks ago, and now with the chorus of people talking things up and what's remarkable about is that doing it without hard data right they're basing almost all of this up

...