Consumer Confidence Falls Again in September

Core Insights - The consumer confidence index dropped to 94.2 in September, marking its lowest level since April and the largest decline in a year, driven by concerns over a slowing labor market [2][1] - Economists had anticipated a smaller decrease, projecting the index to fall to 96 from 97.8 in August, indicating a more significant downturn than expected [2][1] - Consumers' perceptions of business conditions have worsened, and their evaluation of job availability has declined for the ninth consecutive month, reaching a new multiyear low [2][1]