The RCM/TIPP Economic Optimism Index fell -1.2% MoM to 48.6 in July, marking its fifth straight month in pessimistic territory and falling below the long-term average of 49.2.

• The Six-Month Economic Outlook declined -1.3% MoM to 44.5, staying in pessimistic territory.
• The Personal Financial Outlook edged up 0.4% MoM to 54.0, remaining in optimistic territory.
• Confidence in Federal Economic Policies dropped -2.7% MoM to 47.3, marking the 47th consecutive pessimistic reading.
• The Financial-Related Stress Index eased -2.9% MoM to 61.2, the lowest since January and 1.4% above its long-term average.