In August, US consumer confidence rose to 103.3, driven by business optimism, but labor market concerns persist.

In August, US consumer confidence increased to a 6-month high of 103.3, according to The Conference Board, driven by a more optimistic outlook on current and future business conditions. However, concerns over the labor market persisted, with 16.4% of consumers considering job availability as difficult. Despite a lower 12-month inflation expectation of 4.9%, consumer sentiment remains cautious, with mixed feelings about the economy. The Federal Reserve may ease borrowing costs at its September meeting, potentially providing relief to consumers and businesses.