September Michigan Consumer Sentiment Revised Downward from Preliminary Print, Below August Reading

BY MT Newswires | ECONOMIC | 09/26/25 10:10 AM EDT

10:10 AM EDT, 09/26/2025 (MT Newswires) -- The University of Michigan consumer sentiment index was revised downwards on Friday to a reading of 55.1 for September from the 55.4 print in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg as of 7:30 am ET.

That was below the final reading of 58.2 in August.

The current conditions index was revised down to 60.4 from a 61.2 preliminary estimate, below the 61.7 reading in August, while the expectations index was revised slightly downward to 51.7 from 51.8. The index was 55.9 in August.

Respondents expected a 4.7% inflation rate over the next year, slower than the 4.8% rate in August, and 3.7% annual inflation over the next five years, faster than the 3.5% rate in the previous month.

The twice-monthly Michigan Sentiment index measures consumer sentiment early in the current month (the preliminary estimate) and is then revised later in the month (the final estimate).

The headline index is a combination of the current assessment and expectations for the near future. An increase in the reading suggests consumers are more confident, a positive for stocks if that confidence translates into spending. Increased demand is usually inflationary, a negative for bonds.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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