The University of Michigan’s index of consumer sentiment tumbled 10.5% on a monthly basis in March and plunged 27.1% over the past year. The preliminary report released Friday shows that consumers’ expectations of annual inflation climbed to 3.9% from 3.5%, the largest monthly jump since 1993.

Despite perfectly parroting the words of her boss at a press conference Tuesday, White House Press Secretary Karoline Leavitt might want to choose her words more carefully moving