Wells Fargo Resets Its Inflation Target for 2026 and 2027

Wells Fargo resets its inflation target for 2026 and 2027

Wall Street has spent this year waiting for prices to calm down. The thinking was simple. The war with Iran pushed oil up in February; the shock would wear off, and the Fed would go back to cutting rates. One of the banks that sold that idea has changed its mind. Wells Fargo is not a gloomy voice…

Wells Fargo Raises Inflation Forecast and Expects Fed to Hold Rates Through 2026

TLDR Wells Fargo has revised its inflation and interest rate forecasts upward for 2026 and 2027 The bank now expects the Federal Reserve to hold rates at 3.50%-3.75% through year-end 2026 Higher energy costs, tariffs, and supply-chain issues are driving the inflation outlook Chief economist Tom...