Today’s Lead Story
Saturday, September 26Economy
Consumer Confidence Drops to 4-Month Low as Inflation Fears Intensify
via University of Michigan Surveys of Consumers
The University of Michigan's final September consumer sentiment index fell to 48.1, the weakest reading in four months and down 7% from August's 51.7. One-year inflation expectations jumped to 4.6% — the highest since June — as persistent fuel costs and price pressures weighed on household outlooks.
Why it matters
Rising inflation expectations tend to prompt consumers to pull back on spending and delay large purchases, which can ripple into slower hiring and affect job security across many sectors.
