The global economy continues to show strength and is poised to make a soft landing. The IMF projects global growth of 3.3% in 2024 on a Q4 over Q4 basis, and high frequency measures of production and prevailing business conditions suggest global economic activity remains solid. As the world’s largest economy, America’s strong economic performance is serving as a key engine for resilient global growth. Global headline inflation has declined from a peak of 7.3% in September 2022 to 2.4% in July 2024. Declining inflation reflects lower food and energy prices, and generally lower goods prices as monetary tightening has ... (full story)