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Consumer sentiment remains flat in September

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Consumer sentiment remains flat in September

Closely-watched barometer misses expectations.

Consumer sentiment remained flat in early September, according a closely-watched barometer of confidence.

According to multiple outlets, the closely-watched Thomson Reuters/University of Michigan consumer sentiment index remained at 89.8 in September, missing analysts’ expectations of 90.8.

In a statement quoted by Dow Jones, Surveys of Consumers Chief Economist Richard Curtin said, "Overall, consumers remain reasonably optimistic about their economic prospects."

The results for September seem to mirror other data that suggests a fairly moribund economy, which will almost certainly give pause to the Fed and its plans to gradually raise interest rates over the near term.

 

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