Consumer sentiment hits four-month low in September, lower and middle income consumers feel pinch

Core Insights - The University of Michigan's consumer sentiment index decreased to a four-month low of 55.4 in September, down from 58.2 in the previous month [1] Group 1 - The decline in consumer sentiment indicates a potential weakening in consumer confidence [1] - The current reading of 55.4 suggests that consumers may be feeling less optimistic about the economy compared to previous months [1]