The U.S. consumer confidence index fell to 90.8 in July, with households having a weak outlook on the labor market

According to Jinshi, the U.S. Conference Board Consumer Confidence Index fell from a revised 92.2 in June to 90.8 in July, below the forecast of 92.3. Households' views on the labor market remain generally weak.

The Conference Board's Chief Economist, Dana Peterson, stated that consumer feedback on economic factors in July remained predominantly pessimistic, with a slight increase in mentions of employment and unemployment.