Wells Fargo economist Sarah House predicts that March CPI data could offer a glimpse into core inflation reaching its peak this year. The anticipated release sheds light on how the changing trade landscape is affecting prices, especially given recent tariff-driven price surges. However, experts believe March likely marks the low point for core inflation in 2023. The situation coincides with growing worries about an economic downturn in the U.S., leading the Federal Reserve to adopt a cautious approach towards interest rates. While uncertainties remain regarding the duration of these tariffs and their indirect price impact, clear trends demonstrate the challenges posed by current trade policies in controlling inflation. For over a year, the Federal Reserve’s fight against inflation has been complex, making it difficult to achieve desired results without significantly affecting consumer demand.