financetom
Economy
financetom
/
Economy
/
US consumer sentiment rises in September as inflation eases
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US consumer sentiment rises in September as inflation eases
Sep 13, 2024 12:11 PM

WASHINGTON (Reuters) - U.S. consumer sentiment improved in September amid subsiding inflation, though Americans remained cautious ahead of the November presidential election, a survey showed on Friday.

The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 69.0 this month, compared to a final reading of 67.9 in August. Economists polled by Reuters had forecast a preliminary reading of 68.5.

"A growing share of both Republicans and Democrats now anticipate a Harris win," said Surveys of Consumers Director Joanne Hsu. "Consistent with their divergent views of the implications of a Harris presidency for the economy, partisan gaps in sentiment inched up."

The survey was conducted before Tuesday's debate where Republican candidate Donald Trump squared off against Vice President Kamala Harris, the Democratic Party's nominee for the Nov. 5 election.

The survey's reading of one-year inflation expectations fell for the fourth straight month to 2.7%. That was the lowest reading since December 2020 and compared to 2.8% in August.

Its five-year inflation outlook edged up to 3.1% from 3.0% in the prior month.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Daily Roundup of Key US Economic Data for Sept. 13
Daily Roundup of Key US Economic Data for Sept. 13
Sep 13, 2024
02:44 PM EDT, 09/13/2024 (MT Newswires) -- Import prices fell by 0.3% in August after July's 0.1% gain, a larger drop than the 0.2% decline expected and down 0.1% when a 3.2% drop in petroleum prices is excluded. Export prices declined by 0.7% in August, below a 0.2% drop expected following a 0.5% increase in the previous month. Export prices...
US consumer sentiment rises in September as inflation eases
US consumer sentiment rises in September as inflation eases
Sep 13, 2024
WASHINGTON (Reuters) - U.S. consumer sentiment improved in September amid subsiding inflation, though Americans remained cautious ahead of the November presidential election, a survey showed on Friday. The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 69.0 this month, compared to a final reading of 67.9 in August. Economists polled by Reuters had...
US import prices post largest drop in eight months in August
US import prices post largest drop in eight months in August
Sep 13, 2024
WASHINGTON (Reuters) - U.S. import prices dropped by the most in eight months in August amid lower costs for fuels and food products, suggesting that domestic inflation will continue to subside in the months ahead. Import prices fell 0.3% last month, the largest decline since December 2023, after an unrevised 0.1% gain in July, the Labor Department's Bureau of Labor...
US consumer sentiment rises in September as inflation eases
US consumer sentiment rises in September as inflation eases
Sep 13, 2024
WASHINGTON (Reuters) - U.S. consumer sentiment improved in September amid subsiding inflation, though Americans remained cautious ahead of the November presidential election, a survey showed on Friday. The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 69.0 this month, compared to a final reading of 67.9 in August. Economists polled by Reuters had...
Copyright 2023-2026 - www.financetom.com All Rights Reserved