Economy’s Mixed Signals in July | Business and Finance News

Consumer confidence took a hit in July as rising grocery and gas prices weighed on wallets, dropping to 90.8 from 92.2 — a trend economists say has been slowly unfolding since late 2021. While global tensions and sinking job expectations dampened optimism, job market mentions actually rose slightly, buoyed by recent hiring gains and steady unemployment. It’s a mixed picture: prices are rattling nerves, but employment still holds steady — and sentiment could shift fast. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c081b434317553de