How did consumer confidence in February compare to January?

Americans’ consumer confidence about the current and future U.S. economy appears to be waning.

The Conference Board reports its index fell to roughly 103 in February. That’s down from 106 in January, and according to Refinitiv consensus estimates, it’s lower than economists predicted.

Rising interest rates and concerns about a potential recession could be behind the dip.

The indices from the Conference Board and University of Michigan are the leading gauges of consumer confidence.