US February Conference Board consumer confidence 102.9 vs 108.5 expected

• Prior was 107.1
• Present situation index 151.1 vs 150.9 prior
• Expectations index 69.7 vs 77.8 prior (revised to 76.0)
• 1 year inflation 6.3% vs 6.8% prior (revised to 6.7%)
• Jobs hard-to-get 10.5 vs 11.3 prior (revised to 11.1)
• 13.4% of consumers expect their incomes to increase, down from 17.4% last month

“Consumer confidence declined again in February. The decrease reflected large drops in confidence for households aged 35 to 54 and for households earning $35,000 or more,” said Ataman Ozyildirim, Senior Director, Economics at The Conference Board. “While consumers’ view of current business conditions worsened in February, the Present Situation Index still ticked up slightly based on a more favorable view of the availability of jobs."

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