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That's the power of global connections, Mary Lynch Pierce Fenner and Smith Incorporated, member SIPC. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura.

Daily, we bring you insight from the best in economics, finance, investment, and

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Bloomberg.com and of course on the Bloomberg.

Neil Duda with us now head of U.S. economics at Renaissance Mac are kind enough to join us here

in our Bloomberg 1130

studios on this blustery day.

Neel, let me ask you about what happened a couple weeks back.

He said the FOMC member, he sent an aggressive signal about a rate hike at this meeting.

Now that we're two weeks hence,

what do you think caused that?

What caused the about phase, that change in tenor,

...