February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy

Consumer confidence declined in February to 98.3, the lowest level since June 2024, with worries about a slowing economy and rising inflation. Concerns about future business conditions and employment prospects grew, as President Trump threatened additional tariffs. Expectations of 6% inflation and a potential impact on consumer behavior were noted, with Treasury yields falling and consumer confidence across age groups and income levels declining.

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