Consumer Confidence in U.S. Sinks to Seven-Month Low
- Expectations for the next six months weakest in two years
- Households' inflation forecast at 4.7% is lowest since 2007
Retail Earnings Scorecard: U.S. Consumer Comeback
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Consumer confidence slumped in February as households grew more concerned about the outlook for the economy and jobs, sending their inflation forecast to a nine-year low.
The Conference Board’s sentiment index slid to 92.2 this month, less than the lowest forecast of economists surveyed by Bloomberg and the weakest since July, from a revised 97.8 in January, the New York-based private research group said Tuesday. The survey reflected responses received through Feb. 11, the day the Standard & Poor’s 500 Index sank to an almost two-year low. Shares have since rallied.