According to the monthly Survey of Consumers conducted by the University of Michigan, consumer sentiment fell by 4.3 points in July compared to June numbers. Unease about the economy was concentrated on inflation as consumers face higher prices, notably on homes, vehicles, and household durable goods. A separate poll, conducted by the Job Creators Network Foundation pegged small business owner optimism up a bit higher in July ap to 63.5 from 60.9 in June. Despite the improved optimism, a majority of respondents (54%) felt that tax hikes proposed by the Biden administration will hurt small businesses. And finally, the Bureau of Economic Analysis reported that consumer spending rose by 1% in June following a slight dip during the previous month with about 80% of that increased activity being attributable to service-based industries including bars and restaurants.