President Trump's affinity for tariffs casts uncertainty on any economic forecast. Wells Fargo’s economics team now foresees fewer Fed rate cuts occurring this year due to a stronger-than-expected ...
Wells Fargo has tempered its outlook for a bounce-back in banks' earnings to 20%+ for 2024-2026 from its prior view of 30%+ due to slower economic growth. But there's an upside, analyst Mike Mayo said ...
Wells Fargo has raised its global economic growth forecast for 2025 to 3%, citing improving conditions across major economies and stronger-than-expected resilience in both the U.S. and China. The bank ...
The U.S. economy in 2025 has so far been resilient in the face of tariff fallout and sticky inflation, but that’s changing fast, according to the Wells Fargo Investment Institute’s midyear outlook.
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