the democratic governor katie hobbs calling their actions unconscionable, saying the republican majority had a chance to do the right thing, and tonight, they failed. whit? >> whit: rachel, thank you. >>> now to that disappointing report on inflation. consumer prices in march were up 3.5%, compared to a year ago, higher than expected. report casting doubt on an interest rate cut in the near future. here's abc's elizabeth schulze. >> reporter: tonight, americans hoping to see the federal reserve cut interest rates as early as june, may now have a longer wait, with inflation climbing for the third straight month. >> the prices are too high. >> reporter: the consumer price index up 3.5% in march from a year ago, fueled by higher costs for rent, car insurance, clothes, medical care, and gas. >> i used to fill it up for 35 bucks, it was a beautiful thing. >> reporter: and now it's 45. >> 45, and sometimes it's 60. between food and gas, it's had a big impact. >> reporter: forral zan al exa jones at her vintage shop in chicago, her rent jumped from $1,400 to $1,800 a month. >> i have to do a sa