February Sees First Drop in Consumer Confidence Since November, Signaling Economic Unease In February, consumer confidence in the U.S. experienced its first decline since November, marking a notable shift in public sentiment regarding the economy. The Conference Board reported a decrease in the Consumer Confidence Index to 106.7, down from January’s revised figure of 110.9. This decline came as a surprise to many, particularly following January’s preliminary high of 114, which was the highest in two years. Expectations had been set even higher, with economists anticipating a February reading of 115. Additionally, the Expectations Index, which forecasts consumers’ short-term outlook on income, business, and labor market conditions, also dipped to 79.8 from January’s 81.5. The Conference Board’s chief economist, Dana Peterson, noted an index value below 80 often precedes a recession within the next year, adding to concerns about the U.S. economy’s trajectory amid ongoing uncertainty. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts World Economic Forum (WEF) in Davos: The Polycrisis READ MORE Fed's Latest Stress Test Scenarios: Banks Brace for Hypothetical Global Recession READ MORE Record-Breaking Rally: Gold Prices Soar on Economic Easing and Safe-Haven Demand READ MORE Gold ETFs, holdings and flows READ MORE CEOs Rank National Debt as the Top Geopolitics Threat in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment