The University of Michigan's consumer sentiment index fell to a four-month low in September, while inflation expectations for the next year rose to 4.6%.

U.S. consumer confidence fell to a four-month low in September as concerns about rising prices and the economic outlook intensified.
According to a survey released on Friday, the final reading of the University of Michigan's consumer confidence index for September fell to 48.1.
Consumers expect prices to rise 4.6% over the next year, up from 4% as predicted last month. They also project an annualized inflation rate of 3.4% over the next 5 to 10 years, the highest level since May.
Consumer confidence deteriorated in September as diesel prices hit record highs and gasoline prices continued to climb. Rising gas station prices exacerbated long-standing discontent among gas station workers regarding the high cost of living in the United States.
Inflation remains stubbornly high. Prices are rising faster than wages, and mortgage rates have soared to over 7%, making it even more difficult for many to achieve their goal of buying a home.
In a statement, Joanne Hsu, the survey's lead investigator, said: "Despite political divisions, consumers agree that the economic outlook has worsened."
The report shows that since the beginning of this year, consumer confidence has declined across all groups, regardless of age, education level, region, political affiliation, or income level.
In September, indicators assessing the economic outlook for the coming year fell to their lowest level since 2022. Consumer expectations regarding their personal finances also deteriorated.
The conditions for purchasing durable goods have improved slightly, but this is partly "because people believe that making a purchase now will help avoid future price increases," Hsu said.
The consumer expectations index fell to a four-month low, and the current conditions index also declined.
This survey covers response data from August 25 to September 21.Risk warning and disclaimerInvesting involves risk; please exercise caution. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Any investment decisions made based on this information are at your own risk.