Consumer Confidence Rebounds Amidst Inflation Concerns | JQJO

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.