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US consumer sentiment deteriorates in September, inflation expectations rise
US consumer sentiment declined in early September as fuel prices rose. Trade tensions also contributed to fears of increased inflation over the next year. The University of Michigan's sentiment index dropped to 47.8 this month. Consumers anticipate greater financial pressures on their pocketbooks in the coming months. Inflation expectations for the next year jumped significantly from the previous month.
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economictimes.indiatimes.com
US consumer inflation picks up in August, up 3.4% YoY
In August, consumer prices in the U.S. surged, mainly due to increasing gasoline prices. This trend elevates the likelihood of an interest rate hike by the Federal Reserve, with…
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scmp.com
US consumer prices pick up in August, boosting chances of rate increase
In the 12 months through August, consumer inflation advanced 3.4 per cent after rising by the same margin in July.
