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US consumer confidence declines
Consumer confidence in the United States declined in September to its lowest level in four months, amid fears that rising inflation is weakening household purchasing power. A University of Michigan survey showed that the Consumer Sentiment Index dropped to 48.1 points. Although this was better than the forecast of 47.6 points, it was still 15% lower than in January. Additionally, consumers' inflation expectations for the coming year increased to 4.6%, reflecting growing concern over the continued rise in prices and its impact on household finances.
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