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flag U.S. consumer sentiment fell in September due to inflation and labor market concerns, with 44% citing high prices as a financial strain.

flag 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. flag The decline was broad-based across demographics and economic indicators, though those with larger stock portfolios held steadier sentiment. flag 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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