Consumer Confidence Rises As Trump Progresses On Trade Deals

Consumer confidence rose 2 points to 97.2 in July, according to the Conference Board, as Americans appeared more optimistic about the economy following trade agreements brokered by the Trump administration. According to CNN, confidence rebounded after a spring decline tied to fears of steep tariffs, which have since been delayed. This month’s rise in consumer confidence was fueled by improved sentiment among people over 35 and Republicans, who had been more pessimistic in June. The Expectations Index climbed 4.5 points to 74.4, reflecting improved sentiment on jobs and income. Concerns over future inflation persist, with some categories such as electronics, auto parts, and apparel already seeing price increases. Economists warn tariff effects could intensify as inventories dwindle.