U.S. Consumer Confidence Sinks in February

U.S. consumer confidence registered at 98.3 in February, decreasing seven points from the adjusted January reading, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions declined 3.4 points in February to 136.5. The short-term outlook index for the income, business, and labor markets dropped 9.3 points from last month to 72.9, falling below the 80 mark that can indicate a recession. See The Conference Board