U.S. consumer confidence fell sharply in February, in the biggest monthly decline since August 2021. Daniel Orton is an editor on the live news team at Newsweek, based in London, U.K. He was previously a ... Read more

The seven-point drop marks the largest decline since August 2021, indicating consumers are concerned about more inflation to come and a cooling economy.

The board's Consumer Confidence Index slipped to 98.3 for the month, down nearly 7% and below the Dow Jones forecast for 102.3.

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February’s fall in confidence was shared across all age groups but was deepest for consumers between 35 and 55 years old. The decline was also broad-based among income groups, with the only exceptions among households earning less than $15,000 a year and between $100,000–125,000.

U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February while 12-month inflation expectations surged, offering further signs that Americans were growing anxious about the potential negative economic impact of the policies of President Donald Trump's administration.

U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday. The Conference Board reported that its consumer confidence index sank this month to 98.