Lates News

Economists at Wells Fargo expect that the U.S. July CPI report will reinforce the view that the most severe inflation impacts from high tariff regimes and conflicts in the Middle East have passed. Price increases seem to be driven by a few categories rather than a broad spread of underlying price pressures. However, despite the narrowing range of inflation pressures, the continued strength in prices in certain sectors suggests that achieving the 2% inflation target may still be a gradual process.