
Consumer sentiment falls to lowest level since May

Economic News from RSM
by Tuan Nguyen
Consumer sentiment improved to 59.5 in September as inflation concerns eased, according to the University of Michigan's index.
The drop in long-term inflation expectations was quite significant, down to 2.8%, the lowest in about a year, from 3.1%.
Consumer confidence in April dipped to the lowest level since last July, driven by the deterioration in economic expectations as recession concerns mount.
Tuan Nguyen is an economist at RSM US LLP who analyzes high-frequency economic data within the United States and global economies to better understand the American middle market. Tuan’s data-driven economic analysis and insights enhance the ability of middle market companies to thrive in an increasingly competitive global economy.
Based in New York, Tuan works closely with the firm’s cutting-edge Industry Eminence Program to help senior analysts accelerate data-driven strategies in their line of business. His areas of focus include the comprehensive measurement framework for environmental, social and governance (ESG) financial reporting, as well as trends in behavioral, labor and network economics and in industrial organizations. Before joining RSM, he was a graduate researcher, lecturer and teaching assistant for the economics department of his alma mater, Northeastern University, where he taught macroeconomics, international economics and microeconomic theory.
Nguyen holds a Ph.D. in econometrics and quantitative economics from Northeastern University and holds a bachelor of arts in economics and international affairs from the University of New Hampshire, where he graduated summa cum laude and was recognized as an outstanding economics student.