With consumers expressing concerns about the short-term outlook for business conditions, jobs, and earnings, the Conference Board released a report on Tuesday showing that U.S. consumer confidence has deteriorated by more than expected in February.
The Conference Board said its consumer confidence index fell to 78.1 in February from a downwardly revised 79.4 in January. Economists had been expecting the index to edge down to 80.1 from the 80.7 originally reported for the previous month.
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