Samuel Tombs: The consumer confidence survey has a calming effect on the Federal Reserve's monetary policy

According to Jinshi reports, Samuel Tombs of Pantheon pointed out that the University of Michigan Consumer Confidence Index rose from 49.5 in June to 54.4, exceeding economists' expectations of 50.5, but still below last year's average level. He stated that the decline in inflation expectations provides some comfort to the Federal Reserve, although Chairman Waller's tough rhetoric failed to further lower expectations.

At the same time, the "lack of leverage" for workers means that the likelihood of wage growth rising due to the recent overall inflation rebound is very low.