Wells Fargo: The core inflation in the U.S. for March will be the low point of this year.

Odaily Planet Daily News - Sarah House, an economist at Wells Fargo, stated in anticipation of the U.S. March CPI that the CPI data for March may appear somewhat lagging, but it should provide insight into how the changing trade environment is beginning to affect prices. Due to tariffs accelerating price increases, March is likely to become the low point for core inflation this year. Coupled with heightened concerns about a self-inflicted economic recession in the U.S., this keeps the Federal Reserve in a "wait-and-see" mode regarding interest rates. Although there remains considerable uncertainty about the duration of these tariffs, their transmission effects, and second-round price impacts, the trend is clear. The current trade policy "poses new challenges for controlling inflation." For over a year, the final stage of the Federal Reserve's fight against inflation has been fraught with difficulties, highlighting the challenge of completely eliminating inflation without significantly weakening demand. (Jin Shi)