US Consumer Sentiment Rose in September

Consumer sentiment was just under expectations in the final reading of September but the index remained near all-time high levels.



The University of Michigan’s monthly survey of consumers hit 100.1 in the final reading of September, below the 100.8 expected from economists polled by Reuters. Sentiment among consumers rose from August’s final reading, when sentiment hit 96.2.

“Consumer sentiment remained at very favorable levels in September, with the Index topping 100.0 for only the third time since January 2004,” Richard Curtin, chief economist for The University of Michigan’s survey, said in a statement.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza