📰 WELLS FARGO NO LONGER EXPECTS FED TO CUT INTEREST RATES IN 2023; SEES TERMINAL RATE AT 5.25%-5.5% VERSUS PRIOR ESTIMATE OF 3.50%-3.75%

WELLS FARGO NO LONGER EXPECTS FED TO CUT INTEREST RATES IN 2023; SEES TERMINAL RATE AT 5.25%-5.5% VERSUS PRIOR ESTIMATE OF 3.50%-3.75%