A sharp deterioration in consumers’ views of the current economic situation weighed on confidence

😬

Present situation vibes dropped 7 points .

Expectations dipped (again) and have now been below 80 (the unofficial recession signal) since February (maybe giving credence to the rolling recession hypothesis?).

Consumers’ write-in responses showed that references to prices and inflation rose in September, regaining its top position as the main topic influencing consumers’ views of the economy.