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Wells Fargo see firming US inflation in the second half of 2023, FOMC to hike rates

Wells Fargo Investment Institute has boosted its forecast for Fed Funds, citing “Our expectations for firming inflation in the second half of 2023 and sustained weakening trends in the U.S. economy lead us to revise our U.S. economic forecasts to predict somewhat higher 2023 inflation and to shift the bottom of the economic cycle to early 2024,”Its terminal rate forecast range is now 5.5% to 5.75%expects the FOMC to hike rates until disinflation “stalls too far from the Fed’s 2% goal”Also:raised... Read More

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Wells

Fargo

Firming

Inflation

Second

Half

2023

Fomc

Hike

Forex

Posted: Aug 15 2023, 23:35

Author Name: forexlive

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