The Conference Board said on Tuesday its consumer confidence index dropped 7 points, the biggest decline since August 2021.

The Conference Board's consumer confidence report found that confidence slumped in February with the biggest monthly drop in nearly four years amid inflation and tariff concerns.

Consumers grew more pessimistic about the economic outlook in February as worries brewed about a slowing economy and rising inflation, the Conference Board reported Tuesday.

U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday. The Conference Board reported that its consumer confidence index sank this month to 98.