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US Consumer Sentiment Plunges to 47.8 as Inflation Fears Spike

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • consumer sentiment plunged to 47.8 in September, near record lows, driven by surging fuel prices.
  • Concurrently, year-ahead inflation expectations surged to 4.6%, raising market expectations of an upcoming Federal Reserve rate hike to 86%, despite equities mounting a relief rally as crude oil prices retreated.
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