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U.S. Consumer Confidence Drops to Five-Month Low in February

  • Conference Board’s index fell as financial prospects dimmed
  • Concerns about prospects for inflation worsened in February
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U.S. consumer confidence fell in February to the lowest since September as expectations for growth and financial prospects softened amid decades-high inflation.

The Conference Board’s index decreased to 110.5 from a downwardly revised 111.1 reading in January, according to the group’s report Tuesday. Economists in a Bloomberg survey had called for a reading of 110.