Reported about 10 hours ago
Consumer confidence has plummeted in February to its most significant drop since August 2021, driven by worries over inflation amid uncertainties surrounding Trump’s trade policies. The Conference Board's Consumer Confidence Index fell to 98.3, far below economists' expectations, as both current assessments and future expectations declined. Inflation projections rose sharply, reflecting concerns over looming tariffs that could impact household prices and consumer sentiment.
Source: YAHOO