US Consumer Sentiment Falls to Lowest Since May

Always see some bad news here. The University of Michigan sentiment index, preliminary for September, falls to 55 four from 58 two. That was not expected.It was only a small drop to 58. Was the consensus forecast. Current conditions 61 two from 61 seven expectations, 51 eight from 55 nine.So a real deterioration in Americans views of the economy. The one year inflation index is unchanged, however, at 4.8% and the 5 to 10 year inflation number at 3.9% goes up four ticks from three and a half percent. So peop ...