Consumer Pessimism Deepens in February Amid Inflation and Labor Market Concerns

February marked a significant downturn in consumer confidence, with the sharpest decline since 2021 as growing anxieties about the economic outlook weighed heavily on households. According to the latest report by Wells Fargo, the forward-looking expectations index plummeted by more than nine points, reaching an eight-month low and sitting just 7.3 points above its cycle […]