US consumers grew more pessimistic about jobs and personal finances in August. Inflation expectations remained largely unchanged, showing little relief for households. Consumers raised unemployment rate expectations to the highest level since April 2020. Their confidence in finding new jobs after a loss also weakened. This outlook faces the Federal Reserve's upcoming policy meeting.

Federal Reserve Bank of New York survey shows unemployment fears rose sharply in August while most inflation expectations remained steady.

US consumers grew more pessimistic about jobs and personal finances in August. Inflation expectations remained largely unchanged, showing little relief for households. Consumers…