U.S. consumer sentiment fell to 47.8 in September, down 7.5% from August and 13.2% from a year ago, marking the second-lowest level since records began in 1952, according to the University of Michigan's monthly survey released on Friday. Meanwhile, one-year inflation expectations rose from 4.0% to 4.6%, the highest since June. Survey director Joanne Hsu stated that rising fuel prices and escalating trade tensions exacerbated consumers' concerns about their future personal finances and business conditions. Data from the Bureau of Labor Statistics showed that gasoline prices rose 3.9% and fuel prices increased 10.1% in August. Traders now expect the Federal Reserve to raise interest rates next week with a probability exceeding 85%.