US consumer confidence drops to a 12-year low, fueled by inflation and tariff concerns.

Consumer confidence in the US hit a 12-year low in March, with the Conference Board's index falling to 92.9, down 7.2 points. The Expectations Index plummeted to 65.2, its lowest point since 2013, signaling potential economic recession fears. This decline is attributed to concerns over inflation and the impact of tariffs on the economy, affecting consumer spending and economic growth outlook.