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Consumer sentiment weakened in September, with the University of Michigan’s index dropping to a four-month low of 55.4, reflecting economic uncertainty and concerns over inflation.
Key Takeaways
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Consumer confidence dropped: The overall index fell to 55.4 in September.
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Expectations declined: The consumer expectations index slid to 51.8, marking a 30.4% year-over-year decline.
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Mixed signals: Year-ahead inflation expectations remained steady at 4.8%, but long-run expectations edged higher.
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