Inflation has been declining steadily and hopes of a rate cut have brightened over the past month. However, Americans don’t appear confident about the economy as inflation remains quite elevated from the Federal Reserve’s 2% target.Although consumers are hopeful that inflation will ease over the next year, consumer sentiment hit an eight-month low in July. The University of Michigan’s preliminary consumer sentiment index showed that consumer sentiment came in at 66.0 in July compared to June’s final reading ...