\n<\/p>\n
Beef products are offered for sale at a grocery store on Sept. 10, 2026 in Chicago, Illinois. <\/p>\n
Scott Olson | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Consumer sentiment plunged in September amid heightened inflation fears, hitting its second lowest level on record on the University of Michigan’s monthly survey released Friday.<\/p>\n
The survey’s headline index<\/a> hit a level of 47.8, down 7.5% from the August reading and off 13.2% from a year ago. This was the second lowest reading on record for data going back to 1952 \u2014 the bottom coming in May as rising prices also jolted the outlook.<\/p>\n “Year-ahead expectations for both personal finances and business conditions plunged,” survey director Joanne Hsu said. “With a resurgence in fuel prices and trade tensions, consumers anticipate greater pressures on their pocketbooks to come.”<\/p>\n Indeed, the one-year inflation outlook surged to 4.6%, up 0.6 percentage point from the prior level and the highest since hitting the same level in June. <\/p>\n The current conditions index in the survey fell 1.9% from the prior month, while the expectations measure tumbled 11.1%.<\/p>\n Bureau of Labor Statistics data<\/a> also out Friday showed gasoline prices rose 3.9% in August and were up 27.4% from a year ago. Fuel oil prices soared 10.1% and were up 52% annually.<\/p>\n Traders now see a Federal Reserve rate hike next week as a near certainty, with odds rising past 85% Friday after the BLS released its consumer price index showing inflation at 3.4% annually, far above the central bank’s 2% target.<\/p>\n<\/div>\n<\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Beef products are offered for sale at a grocery store on Sept. 10, 2026 in Chicago, Illinois. Scott…\n","protected":false},"author":4,"featured_media":47042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-47041","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/47041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47041"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/47041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/47042"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}