“The American economy has entered 2025 with a strong head of steam,” Wells Fargo economists said. That's not necessarily a good thing for borrowers, who are waiting for the next Fed rate cut.

The Wells Fargo midyear outlook listed U.S. large-cap equities and U.S. mid-cap equities as favored asset classes, while the favored sectors were communication services, financials, information ...

Wells Fargo’s more contrarian view comes amid a sharp debate over the economic outlook and whether the Federal Reserve should resume rate cuts sooner rather than later.

(Reuters) -Wells Fargo's profit beat expectations in the first quarter as the bank cut costs and set aside less money to cover potential loan losses, but its CEO warned on Friday that U.S. tariffs ...