Overview
- The University of Michigan’s survey reported consumer sentiment at its lowest point in 74 years, with year‑ahead inflation expectations up to 4.8%.
- The Bureau of Labor Statistics said the March Consumer Price Index rose 3.3%, which was nearly a full percentage point higher than February.
- Democrats.org highlighted the drop as the DNC blamed President Trump and JD Vance for higher prices and tied the downturn to the war in Iran.
- DNC Rapid Response Director Kendall Witmer said families are being squeezed by rent, groceries, and prescription drug costs along with flat wages and layoffs.
- Alternet attributes the record-low reading to the University of Michigan survey, while Democrats.org adds an unnamed poll claiming over 70% disapprove of economic policy.