US Consumer Sentiment Rises as Inflation Expectations Retreat
- University of Michigan sentiment index increased to 69
- Short-term inflation views fell to 2.7%, lowest since 2020
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US consumer sentiment rose to a four-month high in early September, helped by the tamest short-term inflation expectations since the end of 2020 and prospects for lower borrowing costs.
The sentiment index increased to 69 from August’s 67.9, preliminary figures from the University of Michigan showed Friday. The median estimate in a Bloomberg survey of economists called for a reading of 68.5.