The final September reading of the UMich Index of Consumer Sentiment fell -5.3% MoM and -21.6% YoY to 55.1, below the preliminary reading of 55.4, reflecting broad-based declines in both current conditions and future expectations.

• The Current Economic Conditions index eased to 60.4 (-2.1% MoM; -5.3% YoY), below the preliminary reading of 61.2, as households reported weaker assessments of personal finances.
• The Index of Consumer Expectations fell more sharply to 51.7 (-7.5% MoM; -30.6% YoY), mostly in line with the preliminary reading of 51.8, signaling heightened concerns over labor markets and business conditions.
• Sentiment among consumers with larger stock holdings held steady, while those with smaller or no holdings reported declines.
• Year-ahead expectations edged down to 4.7%, down from 4.8% last month and below the 4.8% preliminary reading
• Long-run 5-year ahead inflation expectations rose to 3.7%, up from from 3.5%, marking the second consecutive monthly increase, but the final value was down from the preliminary reading of 3.9%.
• High prices remained a central concern, with 44% of respondents spontaneously citing price pressures as eroding their personal finances, the highest share in a year.