The Conference Board’s July 2026 Consumer Confidence Index dropped to 90.8, shedding 1.4 points from a revised 92.2 in June. The Expectations Index held steady at 74.7, suggesting consumers are not forecasting any dramatic deterioration in economic conditions over the near term. A full 61.3% of respondents expect interest rates to climb over the next 12 months, barely changed from June’s 61.5%. Consumers were essentially adopting a wait-and-see stance, acknowledging that current conditions are not great without expecting a major deterioration ahead.
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