![BT Three Minute Markets Update show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/019/989/small/bt-financial-chris-caton-market-updates.jpg)
Summary: Univerity of Michigan consumer sentiment index revised up from 73.6 to 74.3; purchasing manager index reversed all of July's gains (53.7 in July, consensus expecting 53.2 but August actual was 53.0); Fed might consider extending to low cash rate out to 2015.