Federal Reserve likely to cut rates, may signal just one more reduction next year [Globe and Mail, The (Toronto, Canada)]
Wells Fargo & Company (WFC)
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Source: Globe and Mail, The
and the economy is what signals Chair Jerome Powell may send regarding the central bank's next steps. It would be the third cut in a row and bring the Fed's key rate to about 3.6%, the lowest in nearly three years. For Americans struggling with high borrowing costs for homes , cars, and other large purchases, this year's rate cuts could reduce those costs over time — though it's not guaranteed. Mortgage rates in particular are also influenced by financial markets. This week's meeting could presage a much cloudier path for the Fed in 2026. The government shutdown has delayed two months of jobs and inflation data, leaving the Fed with much less information hiring and inflation than it is used to. Powell's term as chair ends in May and President Donald Trump will nominate a replacement , possibly as soon as this month, who will almost certainly push for lower borrowing costs. Yet the new chair could face resistance from other Fed officials. In addition to a likely rate cut, the Fed
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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