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Schwab Network

Explaining Consumer Confidence Downtrend & AI's Increasing Role in Economy

8 min28 juli 2026

Zachary Hill discusses consumer confidence and the lack thereof around gas and grocery prices. He says it's no surprise numbers came in weaker as inflation adds pricing pressures and the jobs market remains in a no fire, no hire environment. This shift comes as Zachary makes the case that AI is driving economic growth, not American consumers. That said, he sees the trajectory for markets and the economy as bullish overall.


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