U.S. consumer confidence declined for the fourth consecutive month, reaching a 12-year low of 92.9 in March, as reported by the Conference Board. The Expectations Index fell 9.6 points to 65.2, marking its lowest level in over a decade, which raises concerns about a potential recession. The Present Situation Index also decreased by 3.6 points to 134.5, reflecting a slight cooling in perceptions of jobs and business conditions. Analysts caution that a reading below 80 typically indicates an impending recession, underscoring the current economic uncertainty.