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.
As economic uncertainty deepens worldwide, gold prices keep hitting record after record. Gold can rise sharply when anxious investors seek “safe havens”.
President Donald Trump repeated his attacks Monday against the chair of the Federal Reserve, demanding that the central bank lower its key interest rate.
Among the threats tariffs pose to the U.S. economy, none may be as strange as the sell-off in the dollar.
The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets.
JPMorgan’s net income rose 9% to $14.6 billion in the first quarter and the New York bank beat Wall Street’s profit and revenue targets.
U.S. egg prices increased again last month to reach a new record-high of $6.23 per dozen despite President Donald Trump’s predictions.
Marjorie Taylor Greene bought some high profile stocks last week as other investors were bailing out of the market.
Undeterred by a stock market collapse that has continued for days, President Donald Trump threatened additional tariffs on China on Monday.
With the normally brisk Easter season around the corner, the mood in Switzerland’s chocolate business is bittersweet, thanks to the tariffs.
For investing at least, drops of this size have happened throughout history.
