Our US Economic Sentiment Indicator (ESI) climbed from 6.0% to 6.2% in November, a nine-month high. Although gasoline prices rose during the month, consumer confidence remained strong as the labour market continued to improve. Meanwhile, business sentiment was buoyed by progress on tax reform. Since those surveys were conducted, tax reform has been signed into law. Since the reform includes large cuts to corporate and personal income tax, business and consumer confidence are likely to remain elevated in the coming months. Accordingly, we expect our ESI for December (scheduled for publication next week) to remain high. Looking ahead, we expect

On 31 October we presented an overview of our Global Economic and Markets Outlook for 2017 Q4 at an event hosted by Thomson Reuters in London. We were joined by former Bank of England policymakers Charles Goodhart and Rachel Lomax. Fathom Director Erik Britton opened proceedings by setting out what we see as the most likely outcome for the global economy, distinguishing our relatively positive near-term outlook from our more muted medium- to long-term growth story. Refresh the chart in your browser | Edit chart in Datastream As we explained in more detail at Tuesday’s event and to clients in a series