Institution: The impact of tariffs on U.S. inflation may not peak until the end of the year

ChainCatcher news, Nuveen's Head of Fixed Income Strategy Tony Rodriguez stated that the impact of the U.S. tariff hike on inflation data will not be fully realized until around the end of the year, as tariffs typically take several months to fully affect consumer prices. It is expected that the core inflation rate will be around 3.0% this year, which will compress real incomes and weigh on economic growth.

Therefore, Nuveen still expects U.S. economic growth to further slow down, but it should be able to avoid a recession. The company forecasts that the U.S. real GDP growth rate will be around 1.0% this year, rebounding to about 1.8% next year as tariff pressures ease. (Jin Shi)