Wells Fargo now expects the Fed to keep interest rates unchanged in 2026 (prev. saw two cuts this year)

Wells Fargo's revised expectation for the Fed to maintain interest rates unchanged until 2026 contrasts sharply with its previous forecast of two cuts within the year. This shift suggests a more hawkish stance than the market had anticipated, potentially influencing USD strengthening and shaping rate expectations across fixed income markets. Traders should consider how this change might affect risk sentiment and investment flows in the coming sessions.