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International Business Times
International Business Times
Business

Consumer Sentiment Keeps Falling In September. It Reached The Second Lowest Level On Record.

Joanne Hsu Inflation
University of Michigan’s Survey of Consumers showed a sharp decline in September. (Credit: Michael M. Santiago/Getty Images)

Consumer sentiment continued dropping sharply in September, falling 7.5% month-over-month as oil prices keep climbing and inflation fears take hold.

The survey's director, Joanne Hsu, said "Democrats and Republicans alike posted sizable declines, while independents were little changed from August."

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