In February, the increase in consumer confidence in the United States was lower than expected, and short-term inflation expectations fell significantly.

Consumer confidence in the United States in February rose less than expected, as the optimism of affluent Americans was offset by a decline in confidence among those who did not benefit from the stock market gains. A report released on Friday by the University of Michigan showed that the final consumer confidence index for February edged up to 56.6 from 56.4 in January. The survey was conducted from January 20 to February 16. The median estimate among economists surveyed by Bloomberg was 57.3. The data released on Friday showed that consumers expected prices to rise at an annual rate of 3.4% in the next year, lower than the 4% expected in January and the lowest level in a year. They also expected inflation rates of 3.3% in the next five to ten years. Joanne Hsu, the head of the survey, stated in a declaration: "Because of stronger income prospects and portfolio conditions, affluent and high-income consumers believe they are better able to withstand the risks the economy may face."