WFC · News · 20261014N

Interest Rate and Inflation Outlook

WELLS FARGO & COMPANY/MN · 2026-10-14 · Importance 17 · Surprise 24

CEO Charlie Scharf said consumer credit is expected to weaken eventually as inflation, higher interest rates, and elevated living costs weigh on households. Higher prices are particularly affecting consumer sentiment among lower-income households, although early-stage delinquencies and charge-off ratios remain low. Separate reporting said rising Treasury yields, funding costs, and competitive deposit rates are creating pressure across the banking sector.

Key facts

• Wells Fargo CEO Charlie Scharf indicated consumer credit will eventually weaken due to inflation, higher interest rates, and elevated living costs. source