Are Rates High Enough? Fed Resets Clock on Interest-Rate Cuts [Yahoo! Finance]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Yahoo! Finance
(Bloomberg) -- A string of disappointing inflation data has forced the Federal Reserve to reset the clock on its first interest-rate cut and re-evaluate the trajectory of price growth. Most Read from Bloomberg Elon Wants His Money Back Dubai Grinds to Standstill as Flooding Hits City Israel Reported to Have Launched Retaliatory Strike on Iran Record Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding Oil Erases Advance After Iranian Media Downplays Israel's Attack Chair Jerome Powell cemented that message this week when he said it's likely going to take “longer than expected” to gain the confidence needed to lower rates, dashing hopes for more than two cuts in 2024. Some worry there may be none at all. “This is confirmation that the Fed's willing to wait it out,” said Diane Swonk, chief economist at KPMG LLP. “There's concern of how little it took to stimulate the economy, that there's still a lot of demand.” Powell's lack of urgency to adjust rates echoes th
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WFC
News
- Transcript of Trump Manhattan Trial, April 26, 2024 [The New York Times]The New York Times
- Wells Fargo & Company (NYSE: WFC) had its price target raised by analysts at JPMorgan Chase & Co. from $59.00 to $61.50. They now have a "neutral" rating on the stock.MarketBeat
- Federal Reserve keeps interest rates at current levels as inflation holds its grip [MSNBC.com]MSNBC.com
- Federal Reserve not expected to budge on interest rates yet as inflation holds its grip [Yahoo! Finance]Yahoo! Finance
- Federal Reserve not expected to budge on interest rates yet as inflation holds its grip [MSNBC.com]MSNBC.com
WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- 4/26/24 - Form 424B2
- WFC's page on the SEC website