American consumers felt much worse about the US economy in February amid rising interest rates and concerns about a potential recession, according to the latest survey data released Tuesday by the Conference Board
The business research group’s consumer confidence index fell to 102.9 in February from a downwardly revised 106 the month before. Economists were expecting the headline index to measure 108.5, according to Refinitiv consensus estimates.
The Conference Board’s confidence index and the University of Michigan’s twice-a-month consumer sentiment index are two leading gauges of consumers’ attitudes toward the current and future strength of the economy. Although the two indexes typically track similarly over time, the consumer confidence index is more influenced by employment and labor market conditions, while the Michigan sentiment index has a greater emphasis on household finances and the impact of inflation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ayala: Civil rights institute plans to grow nationally, beginning from the West SideAyala: Mexican American Civil Rights Institute getting ‘starter home’ on city’s West Side
Read more »
Hulu Schedule February 27-March 5: New TV & MoviesThe critically-acclaimed Triangle of Sadness is hitting Hulu as part of the schedule for February 27-March 5.
Read more »
Netflix Schedule February 27-March 5: New TV & MoviesSex/Life Season 2 premieres on Netflix as part of the Netflix schedule for February 27-March 5, among other things.
Read more »
XRP Price Analysis for February 26Can XRP be back above the $0.38 mark soon? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie boncryp
Read more »