US consumer sentiment data for September • Prelim was 55.4 • Prior was 58.2 • Current conditions 60.4 vs 61.2 prelim • Expectations 51.7 vs 51.8 prelim • 1 year inflation 4.7% vs 4.8% prelim • 5 year inflation 3.7% vs 3.9% prelim. This is a dovish bent but the UMich survey is rarely a market mover these days accounting to extreme politicization in the survey responses. (full story)

Americans are souring on the economy again to levels seen rarely in the post-World War II era, raising the question of what it means for spending, economic growth and other key metrics gauging the world’s largest economy. Consumer sentiment fell this month to a final reading of 55.1, the University of Michigan said in its latest survey released Friday. The reading was the seventh-lowest on records going back to 1952. Americans are growing pessimistic for the same reason they did so just a few months ago; fears of higher inflation, which could worsen because of President Donald Trump’s aggressive trade policy. On ... (full story)