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U.S. consumer sentiment fell in September due to inflation and labor market concerns, with 44% citing high prices as a financial strain.
U.S. consumer sentiment declined in September to 55.1, down from 58.2 in August, according to the University of Michigan survey, with worries about inflation and a weakening labor market contributing to the drop.
The decline was broad-based across demographics and economic indicators, though those with larger stock portfolios held steadier sentiment.
Inflation expectations eased slightly in the short term but rose longer-term, while 44% of consumers cited high prices as a strain on their finances—the highest level in a year.
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El sentimiento del consumidor estadounidense cayó en septiembre debido a la inflación y las preocupaciones del mercado laboral, con un 44% citando los altos precios como una tensión financiera.