CNBC Daily Open: Americans' mood on the economy sinks
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Consumer confidence fell to 106.7 in February, down from a revised 110.9 in January, according to the Conference Board. The index measuring short-term expectations for income, business, and the job market fell to 79.8 from 81.5 in January. A reading under 80 often signals an upcoming recession. Rising concerns over jobs and the upcoming presidential elections contributed to the decline in consumer confidence. The fall in consumer confidence was broad-based, affecting most income groups and age demographics. The decline in public perception of the economy poses a challenge for President Joe Biden ahead of high-stakes elections this year.

#ConsumerConfidence #Economy #Recession #Jobs #PresidentialElections

https://www.cnbc.com/2024/02/28/cnbc-daily-open-americans-mood-on-the-economy-sinks.html