September consumer confidence in the United States slipped to its lowest levels since February, driven by a deteriorating labor market and business conditions, according to a private report released Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes fell to 48.5 points in September from a revised 53.2 in August.
Inflation expectations eased slightly, even after the Federal Reserve has said it is ready to take action to keep yields down in an effort to stimulate growth. Consumers’ one-year inflation expectations edged down to 4.9 percent from 5.0 percent the previous month.