The Zhitong Finance App learned that as gasoline prices rise and trade tension heats up again, American consumers' concerns about the cost of living have further intensified. According to a preliminary survey released by the University of Michigan on Friday, the US consumer confidence index for September fell to 47.8 from 51.7 in August, lower than the expectations of all economists surveyed. At the same time, consumer expectations for short-term inflation have clearly heated up, and expectations of rising interest rates over the next year have reached the most common level since 2023.
Zhitongcaijing · 1d ago
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The Zhitong Finance App learned that as gasoline prices rise and trade tension heats up again, American consumers' concerns about the cost of living have further intensified. According to a preliminary survey released by the University of Michigan on Friday, the US consumer confidence index for September fell to 47.8 from 51.7 in August, lower than the expectations of all economists surveyed. At the same time, consumer expectations for short-term inflation have clearly heated up, and expectations of rising interest rates over the next year have reached the most common level since 2023.
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