Inflation fears push U.S. consumer confidence to near-record lows in September
TL;DR Summary
The University of Michigan's September sentiment index fell to 47.8—the second-lowest on record—while one-year inflation expectations rose to 4.6% amid higher energy and fuel prices, signaling a dimmer consumer outlook and increasing odds of a Federal Reserve rate hike.
Topics:business#consumer-sentiment#economy#energy-prices#fed-rate-hike#gas-prices#inflation-expectations
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