Consumer confidence in the US rose 2 points to 97.2 in July, recovering somewhat from a spring decline fueled by concerns over Trump-era tariffs. While trade deals with several countries, including China and the UK, have eased some anxieties, inflation remains a concern. The increase was driven by older Americans and Republicans. Economists warn that inflation could accelerate as inventories deplete and tariff impacts intensify, potentially impacting consumer confidence again.

Prepared by Christopher Adams and reviewed by editorial team.