American consumers showed a modest uptick in optimism in early July, buoyed by a strong stock market and a temporary halt on new tariffs. The University of Michigan’s preliminary consumer sentiment index climbed to 61.8, reflecting a 1.8% increase from June.
Whether this positive trend endures may hinge on two key factors: the expiration of the tariff pause set for August 1 and the ongoing impact of inflation on household goods.
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