Reported 1 day ago
In February, U.S. consumer confidence saw its largest monthly drop in over four years, declining from 105.3 to 98.3, as inflation persists and the threat of a trade war under President Trump grows. A heightened fear of recession, driven by pessimism about future employment and business conditions, has emerged among consumers, closely impacting retail sales and economic outlook. This decline in consumer sentiment could signal a slowing economy, as spending constitutes a significant portion of economic activity.
Source: YAHOO