US February Conference Board consumer confidence 102.9 vs 108.5 expected | Forexlive

“Consumer confidence declined again in February. The decrease
reflected large drops in confidence for households aged 35 to 54 and for
households earning $35,000 or more,” said Ataman Ozyildirim, Senior Director, Economics at The Conference Board. “While consumers’ view of current business conditions worsened in
February, the Present Situation Index still ticked up slightly based on a
more favorable view of the availability of jobs.”

This is the kind of thing the Fed wants to see to generate some confidence that things are slowing down and that inflation will grind its way back to target. It’s bullish for risk assets because it diminishes the odds that the Fed will have to hike to 6%.