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U.S. CPI Outlook: Wells Fargo Anticipates Inflation to Rebound
BlockBeats News, August 12: Wells Fargo Bank stated that the U.S. CPI data will further demonstrate that higher tariffs have pushed up prices. The bank wrote: "We are still in the early stages of the price adjustment process, and it is not yet clear how higher import taxes will ultimately be distributed between end customers, domestic sellers, and foreign exporters. Meanwhile, consumer fatigue is increasing, making it even more difficult to pass on overall price increases." Looking ahead, Wells Fargo Bank expects that inflation will pick up in the second half of this year but will not rise significantly. Core CPI and core PCE price index will return to around 3% in the fourth quarter.
The U.S. July CPI data will be released tonight at 20:30 Beijing time. The market expects that core inflation will rebound moderately. Currently, there is an "hawk-dove standoff" within the Federal Reserve. If the data confirms tariff transmission and economic uncertainty, the Fed's interest rate cut path may become more cautious. (FX678)
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