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US consumer confidence falls to four-month low
Data from the University of Michigan survey showed American consumer sentiment declining to its lowest level in four months during September, with the confidence index reaching 48.1 points, down from 51.7 points in August. Concerns about rising inflation and its impact on household purchasing power are increasing. Economists had expected the index to be around 47.6 points. Meanwhile, inflation expectations for the coming year rose to 4.6%, up from 4.0% in August, reflecting ongoing worries about rising prices and their effects on economic performance. This trend indicates a deterioration in financial conditions and a decline in consumer confidence in the United States.
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