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.
The S&P 500 jumped 1.9% Wednesday.
The IRS it’s distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments.
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Stocks are broadly higher in trading on Wall Street, led by gains in Big Tech stocks. The S&P 500 was up 0.7% Tuesday.
Sales of previously occupied U.S. homes rose in November to their fastest pace since March with more homes on the market.
U.S. stocks slumped Wednesday after the Federal Reserve hinted it may deliver fewer shots of adrenaline to the economy next year than it had earlier though
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With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncert
President Joe Biden’s administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory.
Americans’ outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring.
