Overview

• The Conference Board reports a two-point gain in its confidence index this month after a spring plunge.
• Consumer sentiment has held steady since May’s rebound but remains below last year’s highs.
• Massive tariffs unveiled in April were delayed multiple times amid worries they would drive up prices.
• The administration secured trade agreements with seven countries that have bolstered economic outlooks.
• July’s survey concluded before the European Union deal could influence consumer responses.