Shift in U.S. Consumer Confidence: July 2024 Insights

In July 2024, U.S. consumer sentiment took an unexpected downturn, as reported by the University of Michigan. The sentiment index fell to 66, dipping below the previous month’s 68.2 and analysts’ projection of 67. This drop signals rising consumer concerns, conflicting with earlier signs of economic optimism. Economists had noted a modest decline in inflation […]