US consumer confidence surged to its highest level in five months, driven by improving expectations about the economy and inflation, according to a preliminary July sentiment index released by the University of Michigan. The index rose to 61.8 in early July, surpassing the 60.7 reading from June. Despite this uptick, the figure remains below last year’s levels, indicating that consumers still face concerns about price stability.
Source: https://www.bloomberg.com/news/articles/2025-07-18/us-consumer-sentiment-rises-as-inflation-expectations-improve