Two Fed rate cuts are still possible in 2024: Strategist [Yahoo! Finance]
Wells Fargo & Company (WFC)
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Source: Yahoo! Finance
However, Wells Fargo Global Investment Strategist Veronica Willis joins the Morning Brief to discuss why two rate cuts in 2024 are still possible. Willis highlights that between now and the end of the year, a slew of economic data points could give the Fed enough "confidence" to enact more than one cut. She notes that if progress on inflation persists, consumer spending moderates, and "the economy softens a little bit" as it approaches pre-pandemic levels, it could pave the way for the Fed to reduce rates twice. Addressing the potential market reactions to a Fed rate cut, Willis told Yahoo Finance, "The markets really still felt positive about the prospect of any cuts at all, and I think that a lot of that's been priced in. So I don't see a lot more exuberance once the Fed starts to actually cut, but there is that potential for the market to remain strong." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post w
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 6/20/24 - Form 424B2
- 6/20/24 - Form 424B2
- 6/18/24 - Form 4
- WFC's page on the SEC website