Consumer confidence falls to lowest level since 2014 as inflation worries rise

Consumer sentiment fell in September to its lowest level since 2014, according to the Conference Board, as households grew more concerned about inflation and the labor market. The Consumer Confidence Index dropped to 81.9, below economists' expectations. More respondents said their personal finances were bad rather than good, and the survey showed a more negative view of current business conditions and sixmonth expectations. The report also pointed to higher inflation expectations, with consumers citing rising prices, especially for fuel, as a key concern. Separate Labor Department data showed job openings slipped in August, while hires rose slightly, quits were little changed, and layoffs edged down. The survey results suggest that worries about prices and job prospects are weighing on consumer outlooks, even as some labor market measures remain relatively stable.