Consumer Confidence Drops in February on Recession Worries
• Consumer confidence declined in February for the first time since November, reflecting uncertainty about the US economy • The Conference Board's Consumer Confidence Index fell to 106.7 in February from 110.9 in January • The Expectations Index dropped to 79.8, signaling a possible recession in the coming year • Consumers are less worried about inflation but more concerned about layoffs and the political environment • The decline comes amid mixed economic data to start the year, including higher-than-expected inflation