U.S. Consumer Sentiment Gauge Holds at Lowest Since April
- Respondents mixed on current conditions and future prospects
- Inflation expectations for year ahead decline to 2.3%
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Consumer sentiment in September held at the lowest level since April, as people became more optimistic about the economic outlook but less sanguine about their incomes and buying plans.
The University of Michigan’s preliminary index of sentiment was unchanged at 89.8, according to a report Friday. The median projection in a Bloomberg survey called for a reading of 90.6.