US consumer sentiment falls again in Sept - Uni of Michigan

US consumer sentiment fell again in September on worries over inflation and the labour market, according to a survey published on Friday.

Source: Sharecast

The University of Michigan's Consumer Sentiment Index fell to 55.4, the lowest since May, from a final reading of 58.2 in August. Economists had been expecting a reading of 58.0.

"Consumers continue to note multiple vulnerabilities in the economy, with rising risks to business conditions, labor markets, and inflation," said consumer surveys director Joanne Hsu.

"Likewise, consumers perceive risks to their pocketbooks as well; current and expected personal finances both eased about 8% this month. Trade policy remains highly salient to consumers, with about 60% of consumers providing unprompted comments about tariffs during interviews, little changed from last month."

The measure of consumer expectations for inflation over the next year was unchanged at 4.8%. Consumers' expectation for inflation over the next five years rose to 3.9% from 3.5% last month.

President Donald Trump's global tariff war has started to impact on sentiment as households fear price rises.

Reporting by Frank Prenesti for Sharecast.com

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