After reporting a sharp increase in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing that its consumer confidence index pulled back by more than expected in the month of February.
The Conference Board said its consumer confidence index tumbled to 96.4 in February from an upwardly revised 103.8 in January.
Economists had expected the index to drop to a reading of 99.1 from the 102.9 originally reported for the previous month.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.