US Consumer Sentiment Falls to Lowest Since May on Job Worries

US consumer sentiment fell in September to the lowest since May and long-term inflation expectations rose for the second straight month, as concerns about the labor market and prices weighed on the economic outlook.

The preliminary September sentiment index declined to 55.4 from 58.2 in August, according to the University of Michigan. That was below all but one economist’s forecast in a Bloomberg survey.

Consumers expect prices to rise at an annual rate of 4.8% over the next year, unchanged from the previous month, data released Friday showed. They saw costs rising at an annual rate of 3.9% ...