The Conference Board US consumer confidence index declined by 7 points in February to 98.3—the largest monthly decline since August 2021.
Consumers became pessimistic about future business conditions and less optimistic about future income.
For the first time since June 2024, the expectations index was below the threshold of 80 that usually signals a recession ahead.
Consumers became pessimistic about future business conditions and less optimistic about future income.
For the first time since June 2024, the expectations index was below the threshold of 80 that usually signals a recession ahead.
