WASHINGTON (AP) — Americans’ view of the U.S. economy improved this month, but Americans remain concerned about the impact of tariffs on their economic futures.
The Conference Board said Tuesday that its consumer confidence index rose two points to 97.2 in July, up from 95.2 the previous month.
The increase in confidence was in line with analysts’ forecasts.
In April, American consumers’ confidence in the economy sank to its lowest reading since May 2020, largely due to anxiety over the impact of President Donald Trump’s tariffs.
A measure of Americans’ short-term expectations for their income, business conditions and the job market rose 4.5 points to 74.4, however that’s still well below 80, the marker that can signal a recession ahead.
Consumers’ assessments of their current economic situation inched down by 1.5 points to 131.5.
Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago.
The IRS is expanding its program that allows people to file their taxes directly with the agency for free.
Crude prices jumped on worries about worsening tensions in the Middle East, while U.S. stocks pulled back further from their records.
U.S. stocks retreated from their records Tuesday as worries worsen about potentially escalating violence in the Middle East.
Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline.
President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation has eased.
Wall Street is rising near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual rate cut.
U.S. stocks rose closer to their records as they closed out their fourth winning week in the last five.
Amid the explosion of legal gambling in the U.S., some things have remained off-limits. But that could be about to change.
Stocks are rising on Wall Street, a day after the market’s worst performance in a month.
