US Consumer Confidence Rises on Outlook for Economy, Job Market

US consumer confidence increased in July as concerns eased about the outlook for the broader economy and the labor market.

The Conference Board’s gauge of confidence rose 2 points to 97.2, data released Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 96.

A measure of expectations for the next six months climbed this month to 74.4, the highest since February, while a gauge of present conditions fell to a three-month low.

Consumer concerns about the broader US economy eased after President Donald Trump signed his budget megabill bill into law early ...