Americans haven't felt this good about the economy in 2 years

• The Conference Board's consumer confidence gauge just hit its highest level in two years.
• It rose to 117 in July, up from 110.1 in June, Tuesday data showed.
• Recent economic data points to greater hopes that the US can avoid a recession.

Americans are feeling pretty upbeat about the state of the economy. 

The Conference Board's consumer confidence index, published on Tuesday, hit the highest mark since July 2021. The closely watched gauge climbed to 117 in July, up from 110.1 in June and beating the median Bloomberg estimate of 112.