The University of Michigan Consumer Sentiment Index decreased 5.3% in September compared to the month prior, landing at 55.1, according to final results for the month. The September figure was down 21.4% from a year ago. The current conditions component of the index fell 2.1% from the month prior, landing at 60.4, while the consumer expectations index decreased 7.5% to 51.7.
Warsh to be sworn in as Fed chair on Friday
President Trump will host a swearing-in ceremony on Friday for incoming Federal Reserve Chairman Kevin Warsh, according to a news report. Jerome Powell is currently serving as chair pro tempore.









