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Consumer confidence drops sharply in September amid inflation worries and job market doubts

Market News
29 Sep 2026, 17:36 WIB
CNBC
View Source
Bearish
Consumer confidence drops sharply in September amid inflation worries and job market doubts

The Conference Board's Consumer Confidence Index fell to 81.9 in September, missing expectations due to rising inflation concerns and uncertainty about the labor market. For the first time in four years, more respondents rated their personal finances as bad rather than good. Inflation expectations rose to 6.1%, influenced by factors like higher fuel costs and geopolitical tensions. Meanwhile, job openings declined slightly to 7.08 million in August, with hires increasing modestly and layoffs decreasing, signaling mixed signals in the labor market.

Consumer optimism has dropped sharply, with the Conference Board's Consumer Confidence Index falling to 81.9 in September amid rising inflation and job market concerns. For readers following US stocks on Pluang, here is the market snapshot as of Sep 29, 2026 21:15 WIB: out of 150 priced stocks, 75 rose and 73 fell. Notable movers include BlackBerry Limited (BB) at USD 8.47 with a 3.75% decline and 83% buy order activity, Applied Materials, Inc. (AMAT) at USD 504.77 with a 3.70% gain and 91% sell order activity, and Marvell Technology Inc (MRVL) at USD 260.48 with a 3.41% gain and balanced buy/sell activity.

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