UMich Consumer Confidence Slides In September As Republicans Lose Faith

UMich Consumer Confidence Slides In September As Republicans Lose Faith After July's rebound to pre-war levels, a re-escalation in the MidEast (and soaring fuel costs) has sent confidence back towards YTD lows. Today's final September data was expected to show UMich headline sentiment sliding further (and inflation expectations re-accelerating). And while sentiment is lower overall (month to month), it did actually pick up modestly intra-month from preliminary levels. Consumer sentiment ticked down less than four index points in September, reaching the lowest reading in four months and back down notably from January...