Consumer sentiment falls to lowest level since May amid job market concerns

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Consumer sentiment soured in September, and inflation expectations ticked up again, worrying signs for the economy.

Consumer sentiment fell to 55.4, down from 58.2 in August and below economists’ expectations, according to a preliminary reading of the University of Michigan Consumer Sentiment Index for September. Consumer sentiment is now down 21% from a year ago. September marked the lowest such reading since May.

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