Global Data Watch • US labor market and inflation performance looks different ... • … bolstering case for relatively fast Fed ease through year-end • Don't get carried away with momentum as we look toward 2025 • Next week: Modest US jobs (150k); stable global PMI; BoC eases A wide divide Relative to its potential path, the US is the only large economy to have generated a complete post-pandemic recovery. As the performance gap with other advanced economies continues to widen—most notably in wealth generation ...