 But some of the details do seem to be slowing. We'll get a pullback in things like residential investment, maybe some construction. It does seem like things are slowing. I know you're a U.S. economist, Veronica, but I have to say, when we talk U.S. exceptionalism, there's two sides to that coin. There's not only how the U.S. is doing, but how the rest of the world is doing. We saw the PMI data specifically out of Europe kind of take a step back last month, and now we saw retail sales out of the U.K. come in really underwhelming overnight. Talk to us a little bit about the rest of the world. What are you seeing there?