The University of Michigan’s September preliminary sentiment index fell to 47.8, the second-lowest reading in over 70 years of data, as year-ahead inflation expectations surged to 4.6%, the highest since June.
The University of Michigan’s September preliminary sentiment index fell to 47.8, the second-lowest reading in over 70 years of data, as year-ahead inflation expectations surged to 4.6%, the highest since June.