Consumer Confidence Drops in February as Outlook Dims on Economy, Jobs
• Consumer confidence index fell in February 2024 to 106.7, down from 110.9 in January • Declines occurred in both current conditions and future expectations indices • Consumers less optimistic about business conditions, job market, and financial situations • Inflation expectations continued to ease, now at 5.2% from peak of 7.9% in mid-2022 • Buying plans for autos, homes, appliances dipped slightly over next 6 months