What do the latest key high-frequency economic data signal about the health of the US and global economies?

Darius breaks down the latest high-frequency economic data and what they signal for both the U.S. and global economies. He explains why the U.S. continues to track a U-Shaped path, why the Fed is falling further behind the rates curve, and how global growth remains resilient despite policy uncertainty. He closes with an important discussion on what the Fourth Turning means for small businesses amid intensifying crowding-out dynamics.