Reflecting a deterioration in consumer expectations, the Conference Board released a report on Tuesday showing a modest decrease in U.S. consumer confidence in the month of February.The Conference Board said its consumer confidence index dipped to 110.5 in February from a downwardly revised 111.1 in January.Economists had expected the consumer confidence index to drop to 110.0 from the 113.8 origi...
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.