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On the SPOT blog (09/27/2022) [U..]

Volatility continued on Wall Street but there was some good news that might have caused markets to fluctuate today (as opposed to just falling). Data released today showed that Consumer Sentiment rose in September. That is second consecutive month of improving sentiment. It could imply that consumers don't have a pessimistic view of the economy. In other words, this might be music to Federal Reserve officials as it gives them more conviction in taking steps to tame inflation (there are a lot of Fed comments this week but nothing materially different). Consumer sentiment might cause optimism that "soft landing" possibility is not dead.

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