# The institute, a subsidiary of lender Wells Fargo, had previously forecast two rate cuts from the U.S.

*fintech · news · 2026-04-06 · Bnn Bloomberg*

## Key points

- Wells Fargo Investment Institute no longer expects any Fed rate cuts in 2026.
- Wells Fargo previously forecast two Fed rate cuts in 2024 but has revised this outlook.
- Citigroup now expects Fed rate cuts to begin in September instead of June.
- Citigroup's revised forecast is due to persistent inflation and unexpectedly strong U.S. job growth.

**Companies:** Wells Fargo, Citigroup
**Countries:** United States

[Read the full story on Bnn Bloomberg](https://www.bnnbloomberg.ca/business/2026/04/06/wells-fargo-no-longer-expects-fed-rate-cuts-in-2026-as-iran-war-drags-on/)

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