Largest drop since Aug 2021; Conf. Board sentiment index falls back in Sep

Summary: Conference Board Consumer Confidence Index down in September, below expectations; largest decline since August 2021; US Treasury yields fall across steeper curve; expectations of Fed rate cuts firm, nearly 200bps of cuts expected in next 12 months; views of present conditions, short-term outlook both deteriorate; drop in confidence steepest for consumers aged 35 to 54. US consumer confidence clawed its way back to neutral over the five years after...

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