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Wells Fargo Sees Rates Higher for Longer as AI Data Centers Anchor Commercial Construction
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Wells Fargo Sees Rates Higher for Longer as AI Data Centers Anchor Commercial Construction
Wells Fargo’s latest U.S. outlook warns that stubborn inflation and a more hawkish Federal Reserve will keep borrowing costs elevated into 2027, sustaining the affordability squeeze on housing and traditional commercial property even as the artificial intelligence buildout keeps data center and power construction humming. The commercial real estate industry entered the second half of 2026 hoping for rate relief. Wells Fargo Securities’ economist…
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