A key measure of CEO confidence bounced back this summer, but business leaders are still slightly negative about the economy and business conditions, according to data released Thursday morning and shared first on Axios.

Why it matters: It's another sign that the business community is coming to terms with tariffs, heartened by the administration's announcement of trade deals. The jitters triggered by President Trump's initial "Liberation Day" announcement appear to have eased. • A ripping stock market helps, too.

By the numbers: Confidence rose 15 points, to 49, in the three months ending in July, per the report from the Conference Board, a nonpartisan think tank and the Business Council, an association of CEOs. • That's a sharp upward turn.

Yes, but: At 49, the index measure still

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