Wall Street ends lower, Dow confirms bear market
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- Wall St set for lower open as hot inflation data fuels rate-hike bets
- Oil prices surge as Iran deploys new tactics to target tankers
- U.S. consumer prices rise by 3.7% year-on-year in September
- Bank of America stock falls on earnings miss
- Netflix cuts 1,000 jobs as streaming giant seeks to boost engagement
Wells Fargo Says FOMC Will Not Cut at First Sign of Economic Weakness
September 27, 2022 6:27 AM EDTWells Fargo Says FOMC Will Not Cut at First Sign of Economic Weakness.
Wells Fargo Economist Jay Bryson comments "We now look for the FOMC to hike its target range for the fed funds rate by 75 bps at the November 2 meeting and by 50 bps at the policy meeting on... More



