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The U.S. economy is experiencing mixed signals. Positive trends include a rebound in gross domestic product (GDP) growth to 3.0% in Q2, with increases in consumer spending and new car sales. However, there are significant headwinds. The housing market is cooling with new home sales down 6.6% from a year ago and prices declining. The labor market shows signs of slowing with the unemployment rate rising to 4.2%, and household debt reaching a record high of $18.39 trillion. Overall consumer sentiment also dropped due to rising inflation concerns. Read about it in Ankura's monthly economic indicators report.
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