Sentiment slides again, yet US consumers keep spending

*fed's Williams: One More Rate Hike May Be Needed In Late 2026 Fed's Williams: The Fed must make sure high inflation does not become entrenched. Williams: Unwavering Dedication Good afternoon. It’s a pleasure to be back at the University at Buffalo. During my tenure as President of the New York Fed, I’ve enjoyed and learned so much from my trips to Western New York—including a “virtual visit” during the pandemic. And while I’m pleased to be here in person today, I just can’t seem to get my timing right. I missed Wing Fest. I couldn’t make the Lucille Ball Comedy Festival. And I didn’t even arrive in time to join the table-slamming at the tailgate on Sunday. At least I’ve gotten the other aspects of my itinerary down, because an important part of my job is to meet with business, community, and civic leaders from throughout the Federal Reserve’s Second District to learn more about our local and regional economies. And I always enjoy meeting with students. I’d like to thank the economics and management students here at UB for hosting me for lunch. Our in-depth conversation reminded me that there’s a lot of interest in what’s going on in the economy. So, I won’t try out new comedy routines or opine on sports; instead, you get to hear me discuss two of my other favorite topics: the U.S. economy and monetary policy. This is as good a time as any to give the official disclaimer, which is that the views you will hear today are mine alone and do not necessarily reflect those of the Federal Open Market Committee (FOMC) or others in the Federal Reserve System. The U.S Economy

The Conference Board Consumer Confidence Index® fell by 6.7 points to 81.9 (1985=100) in September, down from 88.6 in August. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—retreated by 7.9 points to 109.3. The Expectations Index—based on consumers' short-term outlook for income, business, and ...

U.S. employers posted fewer job openings in August, but the American labour market remains resilient in the face of higher energy costs caused by the fighting with Iran. U.S. job openings slid to 7.08 million from a revised 7.34 million in July, the Labor Department reported Tuesday. Openings came in below the 7.2 million that forecasters had expected. The ...