US Consumer Sentiment Falls to 4-Month Low on Inflation Fears — SkimNews
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- US consumer sentiment eased to a four-month low in September, per Reuters, with Yahoo Finance attributing the drop to mounting concerns over inflation.
- Americans feel worse about the economy than at almost any point in modern history, per CNN, while the Wall Street Journal characterized the September decline as a modest tick lower.
Why it matters: With sentiment at a four-month low and Americans reportedly gloomier than at nearly any point in modern history, household spending — the backbone of US economic growth — faces continued pressure from persistent inflation worries, potentially weighing on retailers heading into the holiday season.
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