60-Second Summary

President Trump's claims about a booming economy are met with mixed signals. While the U.S. economy showed strong growth of 3.8% in the second quarter, consumer confidence has hit a low. Data contradicts claims of falling energy and grocery prices, though gasoline prices have seen a slight decrease. Mortgage rates are down, but home affordability remains a concern. Inflation, despite presidential declarations, is still present and even re-accelerating. The stock market is at record highs, and manufacturing output has increased, but manufacturing jobs have decreased.

About this summary

This 60-second summary was prepared by the JQJO editorial team after reviewing 1 original report from CBS News.