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The institute, a subsidiary of lender Wells Fargo, had previously forecast two rate cuts from the U.S.
Wells Fargo Investment Institute no longer expects any Fed rate cuts in 2026.
KEY POINTS
- 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
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