FOREX TradingCharts.com

Financial News: U.S. Consumer Sentiment Shows Modest Improvement In Septem

U.S. Consumer Sentiment Shows Modest Improvement In September, Inflation Expectations Dip

09/16/2022 - 10:24:00 (RTTNews)

(RTTNews) - A report released by the University of Michigan on Friday showed a modest improvement in U.S. consumer sentiment in the month of September.

The University of Michigan said its consumer sentiment index inched up to 59.5 in September from 58.2 in August. Economists had expected the index to rise to 60.0.

With the uptick, the consumer sentiment index reached its highest level since hitting 65.2 in April.

The modest increase by the headline index came as the index of consumer expectations climbed to 59.9 in September from 58.0 in August.

The current economic conditions index also showed a slight increase, creeping up to 58.9 in September from 58.6 in August.

The report also showed the recent decline in energy prices has contributed to a decrease in inflation expectations.

One-year inflation expectations dipped to 4.6 percent in September from 4.8 percent in August, while five-year inflation expectations edged down to 2.8 percent from 2.9 percent.

"At 2.8%, median long run inflation expectations fell below the 2.9-3.1% range for the first time since July 2021," said Surveys of Consumers Director Joanne Hsu. "However, it is unclear if these improvements will persist, as consumers continued to exhibit substantial uncertainty over the future trajectory of prices."

She added, "Uncertainty over short-run inflation reached levels last seen in 1982, and uncertainty over long run inflation rose from 3.9 to 4.5 this month, well above the 3.4 level seen last September."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


South Africa PPI Inflation Slows More Than Forecast (02 hr(s), 57 min(s), 43 sec(s) ago)
(RTTNews) - South Africa's producer price inflation eased more-than-expected in August, figure ...Full Story»

Czech Central Bank Keeps Rates On Hold (03 hr(s), 14 min(s), 43 sec(s) ago)
(RTTNews) - The Czech National Bank kept its key interest rates unchanged for the second straight ...Full Story»

U.S. GDP Declines 0.6% In Q2, Unrevised From Previous Estimate (03 hr(s), 26 min(s), 43 sec(s) ago)
(RTTNews) - The Commerce Department released its third estimate of U.S. economy activity in the se ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Dip To Five-Month Low (03 hr(s), 45 min(s), 43 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly fell to a five-month low ...Full Story»

German Inflation Sets New Record High Of 10% (04 hr(s), 0 min(s),43 sec(s) ago)
(RTTNews) - Germany's consumer price inflation accelerated at a faster-than-expected pace to a ...Full Story»

UK Car Production Rises For Fourth Straight Month: SMMT (04 hr(s), 0 min(s),43 sec(s) ago)
(RTTNews) - UK car production increased for the fourth straight month in August but volumes still ...Full Story»

Q2 Decline In U.S. GDP Unrevised At 0.6% (04 hr(s), 10 min(s), 43 sec(s) ago)
(RTTNews) - The Commerce Department released its third estimate of U.S. economy activity in the se ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Dip To 193,000 (04 hr(s), 16 min(s), 43 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly fell to a five-month low ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

South Africa PPI Inflation Slows More Than Forecast

09/29/2022 - 09:56 AM (RTTNews)
(RTTNews) - South Africa's producer price inflation eased more-than-expected in August, figure ...Full Story>>

Czech Central Bank Keeps Rates On Hold

09/29/2022 - 09:39 AM (RTTNews)
(RTTNews) - The Czech National Bank kept its key interest rates unchanged for the second straight ...Full Story>>

U.S. GDP Declines 0.6% In Q2, Unrevised From Previous Estimate

09/29/2022 - 09:27 AM (RTTNews)
(RTTNews) - The Commerce Department released its third estimate of U.S. economy activity in the se ...Full Story>>

U.S. Weekly Jobless Claims Unexpectedly Dip To Five-Month Low

09/29/2022 - 09:08 AM (RTTNews)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly fell to a five-month low ...Full Story>>

UK Car Production Rises For Fourth Straight Month: SMMT

09/29/2022 - 08:53 AM (RTTNews)
(RTTNews) - UK car production increased for the fourth straight month in August but volumes still ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.