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Posted 2 hours ago
US Michigan Sentiment Misses Forecast at 47.8; Inflation Expectations Rise
University of Michigan consumer sentiment fell to 47.8 in September preliminary, well below the 51.0 forecast and prior 51.7, with expectations at 45.8 versus 51.0 estimated. One-year inflation expectations jumped to 4.6% from 4.0%, exceeding the 4.2% forecast. USD may weaken on growth concerns, while inflation prints could reinforce near-term Fed hawkishness; traders should monitor how this feeds into September rate-path repricing.
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2 hours ago
US consumer sentiment plunges 7.5% in September, inflation concerns rise
US consumer sentiment index fell to 47.8 in September, down 7.5% from August and 13.2% year-over-year, driven by worsening inflation outlook. Weakening consumer confidence signals softening US demand and growth headwinds, supporting Fed rate-cut expectations and weighing on USD against safe-haven and commodity-linked currencies.
https://www.cnbc.com/2026/09/11/consumer-outlook-plunges-in-september-as-inflation-outlook-worsens.htmlNew to MyTradingLand?
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