U.S. consumers grow more uneasy about jobs and finances as inflation outlook holds steady

US consumers grew more pessimistic about jobs and personal finances in August. Inflation expectations remained largely unchanged, showing little relief for households. Consumers raised unemployment rate expectations to the highest level since April 2020. Their confidence in finding new jobs after a loss also weakened. This outlook faces the Federal Reserve's upcoming policy meeting.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.