The U.S. Consumer Confidence Index hits a new low since May, long-term inflation expectations have risen for two consecutive months, and employment raises concerns
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The preliminary value of the University of Michigan Consumer Confidence Index for September in the United States is 55.4, lower than the expected 58 and the previous value of 58.2. At the same time, the 1-year inflation expectation remains at 4.8%, while the 5-year inflation expectation rises to 3.9%, higher than the expected 3.4% and the previous value of 3.5%
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