US Consumer Sentiment Remains Subdued on Job, Price Concerns

US consumer sentiment was little changed in early October as Americans expect scant improvement in the job market or inflation.

The preliminary October sentiment index edged down to 55 from 55.1 in September, according to the University of Michigan. While the latest figure was the lowest in five months, it was firmer than the median projection in a Bloomberg survey of economists.

Consumers expect prices to rise at an annual rate of 4.6% over the next year, compared with 4.7% a month earlier, according to the data released Friday. They saw costs rising at an annual rate of 3.7% ...