A report released by the Conference Board on Tuesday showed U.S. consumer confidence unexpectedly decreased for the second consecutive month in February.
The Conference Board said its consumer confidence index slid to 102.9 in February from a downwardly revised 106.0 in January.
The continued decrease surprised economists, who had expected the consumer confidence index to inch up to 108.5 from the 107.1 originally reported for the previous month.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.