According to CoinMeta, the preliminary reading of the University of Michigan Consumer Confidence Index in the United States in September was 47.8, showing a decline for the second consecutive month, but the decrease was less than 4 points. Both Democrats and Republicans saw a significant drop, while there was little change among Independents compared to August. Expectations for personal financial and business conditions over the next year have plummeted. With the rebound in fuel prices and the intensification of trade tensions, consumers expect to face greater pressure on their wallets in the future. Inflation expectations for the next year have jumped from 4.0% last month to 4.6% this month, the highest reading since June.