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.
Retail egg prices in the United States fell last month after setting records at the start of the year, according to government data.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
U.S. stocks are sinking as AI mania on Wall Street loses more steam and as more companies scrub their forecasts for upcoming profits because of uncertainty created by President Donald Trump’s tariffs.
Stocks are rallying on Wall Street following a stronger-than-expected report on the U.S. job market. The S&P 500 climbed 1.6% in afternoon trading Friday, putting the index on track for a ninth straight day of gains. The Dow Jones Industrial Average added 582 points, or 1.4%, and the Nasdaq composite was up 1.8%. Employers added 177,000 jobs in April, more than forecast. However the latest job figures don't yet reflect the effects on the economy of President Donald Trump’s across-the-board tariffs against America's trading partners. Treasury yields rose in the bond market.
Microsoft and Meta Platforms are driving Wall Street higher on Thursday after reporting profits for the start of the year that were even bigger than analy
The U.S. economy shrank 0.3% from January through March, first drop in three years.
U.S. stocks are giving back some of their big recent gains, ahead of potential flashpoints later this week that could bring more sharp swings.
U.S. stocks rose as a worldwide rally came back around to Wall Street.
President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after saying he would like to fire him.
Starting next month, the Education Department says student loans that are in default will be referred for collections.
