US Consumer Sentiment Falls on Worries About Prices, Economy

US consumer sentiment fell in September to a four-month low of 48.1, driven by worries over rising prices and the economy. Consumers expect costs to increase over the next year and long-term, reaching the highest levels since May. According to the University of Michigan, surging fuel prices and looming midterm elections have dimmed the economic outlook for both Republicans and Democrats, leading to a unanimous belief that the overall economic perspective has diminished.