US CB Consumer Confidence Feb: 98.3 (est 102.5; prev R 105.3)
– Present Situation: 136.5 (prev R 139.9)
– Expectations: 72.9 (prev R 82.2)
Average 12-month inflation expectations surged from 5.2% to 6% in February. This increase likely reflected a mix of factors, including sticky inflation but also the recent jump in prices of key household staples like eggs and the expected impact of tariffs.US100 dips after the publication.
This was the largest monthly decline since August 2021.
Source: xStation
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