US consumer confidence sees the biggest drop in 3 and a half years! BitcoinLong Wick CandleLong Wick Candle86,000 US dollars, Tesla plummeted 8% in European sales

According to The Conference Board's survey data yesterday (25th), the US consumer confidence index fell by 7 points to 98.3 in February, far below the market's previous expectations of 102.5; at the same time, the current situation index also fell by 3.4 points to 136.5; and the expectation index fell even more, dropping by 9.3 points to 72.9, the first time below the critical value of 80 that usually indicates future economic recession since June 2024. (Background: US CPI exceeds expectations, Trump calls for rate cut, Putin agrees to ceasefire talks, BTC rebounds above $98,000) (Additional context: Former US Treasury Secretary Summers warns of potential runaway inflation, suggesting the current Fed rate cut cycle may have ended) According to The Conference Board's survey data yesterday evening (25th), the US consumer confidence index fell by 7 points to 98.3 in February, significantly lower than the market's previous expectation of 102, marking the largest monthly decline since August 2021. The expectation index fell even more, dropping by 9.3 points to 72.9, the first time below the critical value of 80 that usually signals future economic recession since June 2024. Analysts: Inflation expectations soaring The latest consumer confidence index data shows concerns among consumers about the US economic situation, future employment and income, as well as inflation prospects. In response, The Conference Board's senior economist Stephanie Guichard commented that the February consumer confidence index saw the largest monthly decline since August 2021, marking the third consecutive month-on-month decrease, pushing the index to a new low since 2022. Among the five components, only consumers' assessment of current business conditions improved slightly, with consumers becoming more pessimistic about the future business environment and a decrease in optimism about future income. Pessimism about future employment prospects has climbed to a ten-month high. Regarding the inflation issue arising from this, Stephanie Guichard added: The 12-month average inflation expectation surged from 5.2% to 6% in February, with inflation and general price mentions still high in correspondence, but the focus has shifted to other topics, with mentions of trade and tariffs sharply rising to levels not seen since 2019. US stock market's four major indices fall US tech stocks performed weakly on the 25th, with NVIDIA, set to release earnings after market close on the 26th, falling by 2.8%, underperforming the broader market. Electric vehicle giant Tesla plummeted by 8.39%, Market Cap falling below $1 trillion, mainly dragged down by falling European sales. On the 25th, the Dow Jones Industrial Average rose by 159.95 points or 0.37% to close at 43,621.16 points. After the consumer confidence data release, all four major US stock indices experienced declines, with the Dow Jones being the only one to rise slightly at closing, while the other three major indices all fell: S&P 500 index fell by 28 points or 0.47% to close at 5955.25 points Dow Jones Industrial Average rose by 159.95 points or 0.37% to close at 43,621.16 points Nasdaq index plummeted by 260.5 points or 1.35% to close at 19,026.39 points Philadelphia Semiconductor Index fell by 114.66 points or 2.29% to close at 4888.88 points BTC Long Wick Candle at $86,000 Amid concerns over Trump's tariff war, BTC fell below $87,000 on the evening of the 25th, briefly surpassing $89,000, but was hit again after the release of the US consumer confidence index, dropping to a low of $86,042 around 11:30 pm. Fortunately, the decline did not continue to widen, with the price reported at $88,252 at the time of writing, but there is no clear buying strength yet, and the future trend remains to be observed. Fed's probability of rate cut in June rises However, it is worth noting that when consumer confidence is pessimistic and concerns about the future economic outlook are too high, the Federal Reserve may take certain measures to stimulate economic expectations. According to the CME Group's FedWatch tool, the current data shows that the market expects the Federal Reserve (Fed) to keep interest rates unchanged in March and May, with probabilities of 95.5% and 70%, respectively; however, for the interest rate decision in June, the market anticipates a higher probability of a rate cut, rising from 39.5% a week ago to 52.5%, believing that the Fed may still keep interest rates unchanged in June, which has decreased to 28.4%. Related reports: US President Trump demands immediate rate cut from the Federal Reserve: I understand interest rates better than Powell! US bond yields fall Trump reportedly considering declaring 'US economic emergency' to initiate new tariff policies, weak non-farm payroll strengthens rate cut expectations Fluctuation alert: US CPI hits hard, can it give the green light for a Fed rate cut in December? US consumer confidence sees largest decline in 3.5 years! BTC Long Wick Candle at $86,000, Tesla tumbles 8% in Europe sales slump This article was first published on BlockTempo, the most influential blockchain news media outlet.