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

Golden Ten Data on April 10, Wells Fargo economist Sarah House is looking forward to the US March CPI: March CPI data may appear to be a little lagging. But it should give us an idea of how the changing trade environment is starting to affect prices. March looks set to be the low point of core inflation this year due to faster price increases due to tariffs. This, coupled with heightened fears of a home-brewed recession in the United States, has kept the Fed in “wait-and-see” mode on interest rates. While there is still a lot of uncertainty about the duration, pass-through effects and second-round price impact of these tariffs, the trend is clear. Current trade policies “pose new challenges to controlling inflation”. For more than a year, the final phase of the Fed’s fight against inflation has been difficult, highlighting the difficulty of eliminating inflation completely without drastically weakening demand.