#USConsumerConfidence

ence The US Consumer Confidence Index data was released 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 market expectations.

This index is an important tool in forecasting future interest rates, as it gives an overview of consumers' views regarding economic conditions.

The US Consumer Confidence Index (CB) data from the Conference Board for February revealed that the US Consumer Confidence Index recorded 106.7 points, which is a reading much lower than market expectations that 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.