NEW YORK (Reuters) - U.S. September consumer
confidence ebbed to its lowest levels since February, driven by
deteriorating labor market and business conditions, according
to a private report released Tuesday.
The Conference Board, an industry group, said its index of
consumer attitudes fell to 48.5 in September from a revised
53.2 in August.
Inflation expectations eased slightly, even after the
Federal Reserve has said it is ready to take action to keep
yields down in an effort to stimulate growth. Consumers' oneyear inflation expectations edged down to 4.9 percent from 5.0
percent the previous month.
The median of forecasts from analysts polled by Reuters was
for a main September reading of 52.5. Forecasts ranged from
48.0 to 55.0.
The August reading was revised down slightly from an
The expectations index slipped to 65.4 from 72.0 last
The present situation index slipped to 23.1 from 24.9 in
Consumers' labor market assessment worsened. The "jobs hard
to get" index rose to 46.1 from 45.5, while the "jobs
plentiful" index decreased to 3.8 from 4.0.
(Reporting by John Parry and Wanfeng Zhou; Editing by Chizu
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