U.S. consumer confidence index falls to 98.3, biggest decline since Aug. 2021

Newly released data in the U.S. shows consumer confidence has seen its largest monthly decline in more than three years in February, amid growing concerns over the potential impact of Trump's trade policies.

U.S.-based think tank the Conference Board's consumer confidence index released on Tuesday stood at 98-point-3 this month, marking the biggest decline since August 2021.

It marked a 7-point drop from the previous month, and the third straight monthly decline.

The Conference Board called import tariffs the main reason for the drop.

The expectations index, which reflects consumers' short-term outlook for the business and labor markets also fell more than nine points from the previous month to 72-point-9.