🚨Trump Tanks Consumer Expectations With the Steepest Decline in Decades Arrow

In response to today's consumer sentiment report, DNC Chair Ken Martin released the following statement:

"Donald Trump promised an economic 'golden age,' but it's almost Day 100 and Americans' economic expectations have fallen for the third straight month in a row - the steepest three-month decline since the 1990 Republican recession. As working families struggle to put food on the table, Trump is letting prices skyrocket while Americans' inflation expectations climb to the highest since 1981. Let's be clear: Trump is dragging the U.S. toward a recession and the American people are fed up."

NEW: Trump's chaotic economic agenda tanked consumer sentiment for the third straight month as Americans brace for higher inflation.

Survey of Consumers, University of Michigan: "Consumer sentiment fell for the fourth straight month, plunging 8% from March. … Expectations have fallen a precipitous 32% since January, the steepest three-month percentage decline seen since the 1990 recession. … Even more concerning for the path of the economy, consumers anticipated weaker income growth for themselves in the year ahead. Without reliably strong incomes, spending is unlikely to remain strong amid the numerous warnings signs perceived by consumers.

"Year-ahead inflation expectations surged from 5.0% last month to 6.5% this month, the highest reading since 1981 and marking four consecutive months of unusually large increases of 0.5 percentage points or more."

Bloomberg: "US consumer sentiment fell to one of the lowest readings on record and long-term inflation expectations climbed to the highest since 1991 on fears of the economic fallout from tariffs …

"Corporate leaders are warning of more financial pain ahead for shoppers as companies pass along higher tariffs and commodities costs."

TRUMP'S RECORD: As Trump tips the stock market into chaos, economists and business leaders are sounding the alarm on a "Trump recession."

Wall Street Journal: "The S&P 500's performance since Inauguration Day [through Trump's first three months] is now the worst for any president up to this point in data going back to 1928, according to Bespoke Investment Group."

The Telegraph: "Economists are starting to worry about a serious Trump recession"

Wall Street Journal: "U.S. Faces Recession This Year, IIF Says"

Redfin News: "Nearly one in four U.S. residents are canceling plans to make a major purchase, such as buying a home or car, because of President Trump's tariff policies, according to a Redfin survey."

CNN: "Fed Chair Powell gives starkest warning yet on potential economic consequences from tariffs"

Bloomberg: "Economic Uncertainty Has Never Felt This Uncertain"

###