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Stock impact report

Fed to weigh interest rates amid Iran war, potential price increases [USA TODAY]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: USA TODAY
In addition to the United States going to war, much has happened since the Federal Open Market Committee held the rate steady at a target range of 3.5% to 3.75% at its last meeting in January , following three cuts late last year. January and February jobs reports from the Bureau of Labor Statistics sent mixed signals about the labor market, with January showing growth above expectations and February seeing jobs lost. CPI inflation has ticked down since policymakers last met, but economists want to see March data, as the latest figures do not reflect the recent surge in the cost of oil . Rising oil prices could ripple through supply chains and push other prices higher. Meanwhile, the Bureau of Economic Analysis revised its estimate of GDP growth in the fourth quarter of 2025 to 0.7%, down from its initial 1.4% estimate, and down from 4.4% in the previous quarter. Now, stagflation fears are back on the table. Wells Fargo economists, in a note March 12, called high inflation and Show less Read more
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