U.S. consumer confidence rises to two-year high amid easing inflation, tight labor market

NEW YORK, July 25 (Xinhua) -- U.S. consumer confidence in July rose to its highest level in two years, amid easing inflation and continued optimism for the labor market despite worries about a recession.

The Consumer Confidence Index climbed to 117 this month, up from 110.1 in June, according to the latest survey released by The Conference Board, a business research group, on Tuesday. It was the highest level since July 2021.