Federal Reserve cuts key rate but signals higher bar for future reductions [BNN Bloomberg (Canada)]
Wells Fargo & Company (WFC)
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Source: BNN Bloomberg
unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs. In a statement released after a two-day meeting, the Fed's rate-setting committee signaled that it may keep its rate unchanged in the coming months. And in a set of quarterly economic projections, Fed officials signaled they expect to lower rates just once next year. Wednesday's cut reduced the rate to about 3.6%, the lowest it has been in nearly three years. Lower rates from the Fed can bring down borrowing costs for mortgages, auto loans, and credit cards over time, though market forces can also affect those rates. Three Fed officials dissented from the move, the most dissents in six years and a sign of deep divisions on a committee that traditionally works by consensus. Two officials voted to keep the Fed's rate unchanged, while Stephen Miran, whom Trump appointed in September, voted for a half point cut. December's meeting could u
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WFC
Earnings
- 10/15/25 - Beat
WFC
Sec Filings
- 12/23/25 - Form S-8
- 12/12/25 - Form 424B2
- 12/12/25 - Form 424B2
- WFC's page on the SEC website