Highlights
Expectations for the Conference Board consumer confidence index call for another decline to 103.0 in February from 104.1 in January, 109.5 in December and 112.8 in November.
Attention will focus especially on consumer views of the job market, the assessment of the economy, and inflation expectations. Average 1-year inflation expectations rose to 5.3 percent in January from 5.1 percent in December. Another increase for February will not go over well.
Separately, the University of Michigan's 1-year inflation expectation surged to 4.3 percent in February from 3.3 percent in January, a remarkable 1-month increase attributed largely to worries about higher prices due to import tariffs on durable goods.