Wells Fargo revises its forecast for Fed rate cuts

Despite widespread hopes for monetary easing, prediction markets are now pricing in a 40% chance of *zero* Federal Reserve rate cuts in 2026, completely shattering the narrative of impending relief. This suggests a "higher-for-longer" reality far more extreme than many anticipate, with no end in sight for tight financial conditions. Are we truly facing a future with no rate cuts for years?
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