US consumer confidence fell for the first time in three months in February

According to the data from Golden Ten on March 1st, the US Consumer Confidence Index in February saw a decline for the first time in three months due to deteriorating views on both current and future economic conditions. The final value of the University of Michigan Consumer Confidence Index dropped from 79 in January to 76.9 in February. Despite the decrease in market sentiment, over the past two years, with inflation easing, the economy has not been significantly harmed, and market sentiment has largely improved.

Furthermore, consumers' outlook is often sensitive to changes in gasoline prices, which rose sharply last month. Joanne Hsu, head of the survey team, stated: "Since the beginning of the new year, consumers believe that there has been little change in economic conditions and they seem confident that inflation will continue on a positive trajectory."