The University of Michigan released on Friday their Surveys of Consumers reports. The February report indicated that consumers' concerns are building after January's index decline that has continued into February. From the February surveys, consumers cited mounting worry about rising inflation due to tariffs. The Consumer Confidence Index dropped 13.5% to 64.7 in February from December's 74.0 index level. Listen in this UPdate our analysis of these reports and our stock market projections for 2025.