US Consumer Sentiment Rises in September Amid Easing Inflation

Americans' outlook on the economy improves, driven by lower prices for durable goods and expectations of interest rate cuts.

The University of Michigan's consumer sentiment index increased to 69 in September, up from 67.9 in August, marking its highest level since May.
Inflation expectations for the next year fell to 2.7%, the lowest since December 2020, while the five-year outlook edged up slightly to 3.1%.
Consumers reported improved buying conditions for durable goods, such as cars and furniture, due to more favorable prices.
Despite the rise in sentiment, Americans remain cautious ahead of the November presidential election, with a growing number expecting a win by Vice President Kamala Harris.
The Federal Reserve is anticipated to cut interest rates by a quarter-point next week, which could further influence consumer confidence and spending.