#USConsumerConfidence
The data of the US CB Consumer Confidence Index from the Conference Board for the month of February revealed that the US Consumer Confidence Index recorded 106.7 points, a reading much lower than market expectations, which expected the index to record only 114.8 points, noting that the previous reading of the US Consumer Confidence Index stabilized at 114.8 points during last January, and was revised downward to 110.9 points. The US Consumer Confidence Index data was issued during the current month of February, which showed that the index recorded a very negative reading contrary to market expectations for the first time in four months, in addition to being worse than currency markets’ expectations. This indicator is an important tool in forecasting future interest rates, as it gives an overview of consumers’ views on economic conditions.$BNB
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The US Consumer Confidence Index (CB) data from the Conference Board for February revealed that the US Consumer Confidence Index recorded 106.7 points, a reading much lower than market expectations that the index would record only 114.8 points, noting that the previous reading of the US Consumer Confidence Index stabilized at 114.8 points during last January, and was revised down to 110.9 points.
