U.S. CPI Outlook: Wells Fargo expects inflation to rise in the second half of the year

ChainCatcher news, according to Jinshi reports, Wells Fargo stated that the U.S. CPI data will further indicate that higher tariffs have driven up prices.

The bank noted that we are still in the early stages of the price adjustment process, and it is unclear how the higher import taxes will be distributed among end customers, domestic sellers, and foreign exporters.

Wells Fargo expects inflation to rebound in the second half of this year, but it will not rise significantly, with core CPI and core PCE deflator expected to return to around 3% in the fourth quarter.