Thanks to the optimistic sentiment brought about by the rebound in the stock market, the US consumer confidence index has risen to a 5-month high.

Jin10 data reported on August 1st that, benefiting from the optimistic sentiment brought about by the stock market rebound and a slight easing of inflation expectations, the final value of the University of Michigan's Consumer Sentiment Index for July rose to a five-month high. The survey showed that consumers expect an average annual inflation rate of 3.4% over the next five to ten years, the lowest level since January this year; inflation expectations for the next year dropped from 5% in June to 4.5%. This survey ended on July 28th, covering the period during which President Trump reached tariff agreements with major trading partners such as Japan and the European Union. However, at the same time, the President also announced a new round of large-scale tariffs on the evening of the last Thursday in July, further pushing up the average tariff level in the United States. The survey leader stated, "The confidence of equity-holding consumers has risen, but this increase is partially offset by the decline in the confidence of non-equity-holding consumers."