Institution: The impact of tariffs on U.S. inflation may not peak until the end of the year.

ChainCatcher news, Tony Rodriguez, the head of fixed income strategies at Nuveen, stated that the impact of the U.S. tariff hike on peak inflation data will not be evident until around the end of the year, as tariffs typically take several months to fully affect consumer prices. It is anticipated that this year’s core inflation rate will be around 3.0%, which will compress real income and weigh on economic rise. Therefore, Nuveen still expects the U.S. economic growth to slow further, but it should be able to avoid a recession. The company anticipates that the U.S. real GDP growth rate will be around 1.0% this year, rebounding to about 1.8% next year as tariff resistance diminishes. (Jinshi)