Non Paywalled: https://archive.is/liqK2
The preliminary August sentiment index fell to 58.6 from 61.7 a month earlier, according to data from the University of Michigan released Friday.
Consumers expect prices to rise at an annual rate of 4.9% over the next year, wiping out the prior month’s improvement. They saw costs rising at an annual rate of 3.9% over the next five to 10 years.
Both the sentiment index and the inflation gauges were worse than economists had anticipated....
NO RATE CUTS, NOT in September?