Weekly Indicator Forecast

This report provides Wells Fargo's economic forecasts for key U.S. indicators released in February 2026, highlighting a below-consensus outlook for Q4 GDP growth and slightly above-consensus inflation projections.

Key Takeaways

• 1.Wells Fargo projects Q4 GDP growth at 1.6% (annualized), significantly lower than the consensus estimate of 2.8%.
• 2.Inflation metrics (PCE and Core PCE) for December are forecasted to be slightly higher than consensus expectations on a year-over-year basis.
• 3.Durable Goods Orders for December are expected to show a sharp contraction of 2.5% compared to the prior month's 5.3% growth.

Table of Contents

• Summary
• Required Disclosures
• Important Information for Non-U.S. Recipients

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