In June, consumer confidence went up for the first time in six months, showing a more positive view of the economy. This happened because inflation stayed stable and the Trump administration made a temporary trade agreement with China. The University of Michigan's consumer confidence index, in its first report, went up by 16% from 52.2 to 60.5, even though it was still 20% lower than in December 2024. This increase came after President Trump decided to delay new taxes on goods from about 60 countries and the temporary agreement with China, which has somewhat reduced worries about the economy caused by the ongoing trade conflict. Even with these good changes, U.S. import taxes are still high compared to the past and are expected to affect the economy more in the next few months. People's feelings about the economy also remain divided by politics, with Republicans feeling more confident about the economy under Trump than Democrats. However, this month saw a general increase in confidence among supporters of both main parties and independent voters. The Federal Reserve will probably see the drop in consumers' expectations for inflation as a good sign in their next meeting.