Macro Insights Weekly - US economy's mixed signals

Consumption and spending data point towards a fast-growing US, but labour market data points towards cooling. Taking into account oppoing drivers, we see 1.5-2.0% growth in the coming years.
Consumer sentiment is soft, but spending is robust.
Public sector is beginning to subtract from growth, offset by surging private cap-ex.
Unemployment is low, but firms' hiring intentions have cooled sharply.
Trade and immigration related uncertainties are key drags.
Growth in the 1.5-2.0% range remains on the cards, although there are plenty of risks in play.