S&P 500 Erases Gain, Down 0.25%, Nasdaq Still Up 0.25%

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Wells Fargo Says FOMC Will Not Cut at First Sign of Economic Weakness

September 27, 2022 6:27 AM EDT

Wells Fargo Says FOMC Will Not Cut at First Sign of Economic Weakness.

Wells Fargo Economist Jay Bryson comments "We now look for the FOMC to hike its target range for the fed funds rate by 75 bps at the November 2 meeting and by 50 bps at the policy meeting on... More