WELLS FARGO RAISES U.S. GROWTH OUTLOOK, SEES MORE FED CUTS
Wells Fargo lifted its U.S. growth forecast and now expects two more interest rate cuts from the Federal Reserve in early 2026.The bank projects GDP growth of 2.0% in 2025 and 2.3% in 2026, boosted by strong consumer spending and tech investment.Inflation remains above target at 2.9%, but Wells Fargo expects it to ease gradually. It forecasts 25 bps rate cuts at both the October and December meetings, plus two more in the first half of 2026.The copyright of this article belongs to the original author/organization.
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