Americans' outlook on the economy improved for the second straight month in September, bolstered by lower prices for long-lasting goods such as cars and furniture and the prospect of interest rate cuts by the Federal Reserve.

US consumer sentiment rose to a four-month high in early September, helped by the tamest short-term inflation expectations since the end of 2020 and prospects for lower borrowing costs.

U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over the next year and household incomes improve, but views on the labor market weakened against the backdrop of slower job gains.