Wells Fargo Expects Higher Prices to Persist Through 2026

Wells Fargo forecasts U.S. inflation at 3.4% by end-2026 and 2.8% by end-2027 — both above the Federal Reserve's 2% goal. Inflation measures how fast prices rise. If it stays stubborn, the Fed may cut interest rates less than markets expect. Savings account rates could stay higher longer; bond investors favoring short-term holdings may come out ahead.