The University of Michigan’s consumer sentiment survey results for September revealed a slip in sentiment to 55.1, lower than expected and down from 58.2 in August. Participants expressed concerns over Trump’s tariffs, high prices, and weakening labor markets. Those with larger stock holdings remained steady, while sentiment decreased for others. Inflation expectations for the year ahead dropped to 4.7%, offering a slightly more optimistic view. The Fed’s preferred inflation gauge showed a slight easing in August, supporting expectations for a rate cut in October. Sentiment also varied by political affiliation, with Democrats showing a lift while independents and Republicans saw declines.

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