U.S. consumer sentiment climbed more than expected in July, with optimism about future economic and job conditions growing across most demographics, according to data released by the Conference Board. The Consumer Confidence Index rose to 97.2, beating forecasts of 95.8 and marking a steady rebound from June’s revised 95.2.
On Friday’s broadcast of Newsmax TV’s American Agenda, former Trump Economic Adviser Stephen Moore said he remains optimistic about the U.S. economy, citing finalized trade deals and the passage of President Trump’s “Big Beautiful Bill” as key factors that will help moderate inflation and support growth.
U.S. import prices rose just 0.1 percent in June, signaling continued stability in global goods prices and offering no new signs of inflation from overseas markets. The latest data from the Bureau of Labor Statistics show minimal price pressure from foreign producers, reinforcing confidence in international supply chain steadiness.
A majority of Americans believe the economy is doing well under President Donald Trump, according to a new national poll. The survey, conducted in May, found that 51% of registered voters consider the U.S. economy “strong,” reflecting growing public confidence in Trump’s leadership.
The Federal Reserve maintained its benchmark interest rate at 4.25% to 4.5% on May 7, 2025, citing escalating risks of inflation and economic slowdown due to ongoing trade tensions and tariff policies.
The Department of Justice (DOJ) has initiated an antitrust investigation into the sharp increase in egg prices, examining whether major producers have conspired to inflate prices or restrict supply.
The Utah Legislature is advancing House Bill 306 (HB306), which would create a gold and silver-backed electronic payment system for state transactions.
The U.S. economy closed out 2024 with steady growth, propelled by resilient consumer spending that more than offset challenges in business investment and global trade. Despite high interest rates and ongoing inflation pressures, economic momentum remained intact, setting the stage for an uncertain but potentially strong 2025.
The U.S. housing market experienced a notable shift at the end of 2024, with new-home sales rising despite persistently high mortgage rates and affordability concerns. The most significant development, however, was the decline in median new-home prices, marking a potential turning point after years of soaring costs under the Biden administration.
A Georgia bill that ties property assessments to the rate of inflation is facing pushback from local government entities opting out of the measure. Approved by 63% of voters in November 2024, the bill aims to cap property tax increases, but some officials argue the restrictions could hinder their ability to fund essential services.
