Inflation, Looming Trade War Take A Toll

UNITED STATES – Consumer confidence took a major hit in February, dropping to 98.3, the biggest decline in over four years, according to the conference board.

Concerns over inflation and trade tensions under President Trump fueled the seven-point drop.

Short-term expectations for jobs and income also fell, signaling possible recession risks.

Markets reacted immediately as the S&P 500 and NASDAQ slips, retail sales declining, and inflation being stubbornly high.

Experts warn that the U.S. economy could be slowing.