The initial value of the University of Michigan’s consumer confidence index fell to 55.4 in September

According to Coinjie.com, the initial value of the University of Michigan's consumer confidence index in September fell to 55.4 (58.2 in August, 70.1 in the same period last year), a year-on-year decrease of 21%. In terms of inflation expectations, the 1-year period remained unchanged at 4.8%, and the long-term expectations rose to 3.9% for the second consecutive month. The report pointed out that low-income and middle-income groups have the most obvious pessimism about the economic outlook, and except for the improvement in purchasing conditions for durable goods, all sub-items have declined.