U.S. Consumer Confidence Rises as Economic Optimism Holds Up

U.S. consumer confidence increased modestly in July as Americans grew more upbeat about the economy and labor market, figures from the New York-based Conference Board showed Tuesday.

A currently healthy labor market and robust economic growth offset consumer concerns in July about how trade tensions will affect jobs and prices in coming months. The economy accelerated to a 4.1 percent pace of growth in the second quarter, the fastest since 2014.