The U.S. economy showed mixed performance in July 2024. Despite easing port congestion and stable food prices, consumer sentiment fell 8% year-over-year. Gas and air travel costs decreased, while personal disposable income increased by 3.7%. However, housing affordability and sales continued to decline, with mortgage rates remaining an issue. Additionally, the Consumer Misery Index remained high at 7%, and consumer expenditures outpaced income growth.
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