The Trade War Turned Ugly And The US Consumer Confidence Rose In July.

According to the survey, the US consumer confidence index unexpectedly increased to 135.7 in July, and worries about the trade war.

Agence France-Presse reported that the Economic Council (Co) The monthly report released by nference Board points out that consumers once again think that employment opportunities are adequate and business conditions are good, and that income may also rise shortly.

The consumer confidence index, which is higher than economists' expectations, should be able to sustain consumption in the coming months as the economy slows down.

The consumer confidence index released by the Economic Council rose by more than 10 points to 135.7 in July.

Lynn Franco, a senior member of the Economic Review Council responsible for economic indicators, said in a statement: "the tense situation of trade and tariff increases, leading to a sharp decline in consumer confidence index in June and rebounded to the highest point in July" in June.

When the report came out, the Commerce Department released data showing that personal income growth for fifth consecutive months meant that retail spending should be moderate this summer.

The Economic Council's data show that confidence in the current and recent outlook has risen sharply.

According to the survey, the proportion of respondents who had good business conditions rose to the highest level since February, and the proportion of respondents who thought that employment opportunities were adequate came to the highest level since April.

US consumer spending and prices rose slightly in June, suggesting that economic growth is slowing and inflation is benign. It is widely expected that the Federation will soon announce its first rate cut in 10 years.

However, RDQ Economics of New York said the rise in consumer confidence has weakened the possibility of a cut in RDQ.