Consumer Sentiment Fell in September, According to University of Michigan Survey

Core Insights - The sentiment index from the monthly survey decreased to 55.1 in September, down from 58.2 in August, indicating growing concerns regarding high prices and the labor market [1] Group 1 - The decline in the sentiment index suggests a shift in consumer confidence, potentially impacting spending behavior [1] - The concerns about high prices may reflect inflationary pressures affecting the overall economy [1] - Labor market worries could indicate potential challenges in employment stability, which may further influence consumer sentiment [1]