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US consumer confidence plummeted, important indicators hit the biggest drop since 2021
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2 hours ago 3,804
Golden Finance reported that US consumer confidence hit the biggest drop since August 2021 this month, with people worried about the overall economic outlook and uncertainty about the Trump administration's policies. The World Federation of Large Enterprises' Confidence Index for February released by Tuesday fell 7 points to 98.3, the third consecutive month of decline. The indicators that measure expectations in the next six months also saw the biggest decline in three and a half years, but the decline in the status quo is relatively modest. Residents and companies of all sizes are now more cautious, and it seems that the comeback of inflationary pressures, tariffs and a cooling labor market are particularly nervous.
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