According to The Kobeissi Letter, consumer confidence is plummeting due to high inflation and tariffs, with a record high share of consumers believing that business conditions are worsening. This sentiment is approximately 15 percentage points higher than during the 2008 financial crisis, indicating significant economic concern which could impact market trends and consumer spending, essential factors for traders to consider.

According to @WhiteHouse, @SecKennedy has announced that @HHSGov and @US_FDA are implementing new steps to ensure the safety and quality of infant formula products for American families and children. This initiative aims to enhance public health standards and consumer confidence in infant nutrition products.

According to The Kobeissi Letter, US Consumer Confidence fell by 7 points in February, reaching 98.3, its lowest level since 2022. This marks the most significant monthly decline since August 2021, as reported by the Conference Board. The decreasing consumer confidence could impact cryptocurrency market volatility as investors reassess risk appetite.