Consumers Expect Higher Rates over the Next Year

Dow Jones
09/29

1045 ET - The Conference Board reports consumer confidence fell sharply in September as gasoline prices surged and consumers grew more pessimistic about business and labor-market conditions. As economists monitor Wednesday's PCE inflation report--the Fed's preferred inflation measure--the Conference Board survey shows that the share of consumers anticipating higher interest rates over the next 12 months jumped by 5.2 percentage points to 68.4%.

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