July 2025: TRUMP PRESIDENCY Golden Age: Consumer Sentiment Rises as Fears of Tariff-Led Inflation Fade

Golden Age: Consumer Sentiment Rises as Fears of Tariff-Led Inflation Fade
"American consumer confidence improved more than expected in early July, climbing to its highest level in five months as inflation expectations fell sharply and retail spending showed renewed strength.
One-year inflation expectations fell to 4.4 percent, down from 5.0

percent in June and a recent peak of 6.6 percent in May. Five-year expectations dropped to 3.6 percent, the lowest since February. The back-to-back declines suggest that consumer fears about inflation—initially driven by concerns over new tariffs—are subsiding.
Recent economic data support that shift in sentiment. Import price figures released this week show that tariffs are largely being absorbed by foreign producers, not passed on to American consumers. 

Import prices fell 0.4 percent in May and were flat in June, undercutting predictions that tariffs would reignite inflation. The producer price index came in flat for June, indicating no inflation for the month, while core consumer prices rose by less than forecast.
At the same time, retail sales surged in June, rising 0.6 percent month-over-month in a broad-based rebound that beat expectations. Spending increased across most major categories, indicating that consumers are not pulling back in anticipation of higher prices—another sign that inflation concerns are ebbing." 

Breitbart