Federal Reserve Rate Cuts Unlikely Until June, Say Wells Fargo Economists – Here’s Why

Wells Fargo economists say the Federal Reserve is unlikely to cut interest rates before June following stronger-than-expected labor data and cooling inflation. The bank points to January payrolls rising by 130,000, topping expectations and lifting the three-month average to 73,000, while the unemployment rate fell to 4.3%. “The upshot of a mini-government shutdown last week was […] The post Federal Reserve Rate Cuts Unlikely Until June, Say Wells Fargo Economists – Here’s Why appeared first on The Daily Hodl.