【US CPI Outlook: Wells Fargo Expects Inflation to Rise】Golden Finance reports that Wells Fargo states that US CPI data will further indicate that higher tariffs have driven up prices. The bank wrote, 'We are still in the early stages of the price adjustment process, and it remains unclear how the higher import taxes will ultimately be distributed among end customers, domestic sellers, and foreign exporters. Meanwhile, consumers' sense of fatigue is increasingly growing, making it generally more difficult to raise prices.' Looking ahead, Wells Fargo expects inflation to rise in the second half of this year, but not significantly, with core CPI and core PCE deflator returning to around 3% in the fourth quarter.