Consumer Confidence Rises in July Despite Concerns Over Current Conditions

Americans show increased optimism for the near future, though worries about inflation and interest rates persist.

The consumer confidence index rose to 100.3 in July, up from 97.8 in June.
Short-term expectations for income, business, and the job market improved to 78.2.
Current conditions sentiment fell to its lowest in over three years, at 133.6.
Elevated prices for food and groceries continue to impact economic perceptions.
Home purchase plans hit a 12-year low due to high interest rates and housing costs.