Wells Fargo, one of the largest banks in the United States, has adjusted its expectations for a Federal Reserve rate cut. The bank now predicts that the Fed will lower interest rates in June, rather than in May as previously anticipated.
This change in forecast comes as the Federal Reserve continues to monitor economic indicators and assess the impact of the ongoing COVID-19 pandemic on the economy. The central bank has implemented various measures to support the economy, including slashing interest rates to near zero and implementing large-scale asset purchases.
