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Bloomberg Markets and Finance

24 Jun 2026, 14:17 UTC · 2h ago

Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk

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Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk

What the story claims

3 claims · each scored for market impact

What matters in this story

1
Wells Fargo Wealth and Investment Management forecasts the S&P 500 will reach 7,900 by the end of this year. — A target of 7,900 implies an exceptionally bullish outlook and significant upside potential for broad equity indices.
+0.80
2
Wells Fargo's forecast assumes the Federal Reserve will not implement any further interest rate hikes. — The expectation of a pause or end to tightening generally lowers borrowing costs and increases valuations for risk assets.
+0.60
3
Darrell Cronk characterizes current market activity as a rotation within equities rather than a selloff. — Framing volatility as rotation suggests underlying strength and a lack of fundamental bearishness, though it is less actionable than a price target.
+0.30

Which stocks this story touches

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Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
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Zero Fed Rate Hikes Baked… — WFC +0.00 | NewsImpactScreener

Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk

What matters in this story

Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year

Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk

What matters in this story

Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year

How each ticker is affected

Track these names every morning.

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Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk

What matters in this story

Next reads from the same story arc

Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year

Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk

What matters in this story

Next reads from the same story arc

Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year

How each ticker is affected

Track these names every morning.

Impact by category

Biggest drivers

Most positively impacted

Most negatively impacted

Nikkei 225 Index slips as Kioxia stock suffers a harsh reversal

SoFi: Market Still Misunderstanding Its Flywheel

Medical Properties Trust's Tenant And Balance Sheet Risks Remain: A Contrarian Dividend Story

If Rates Rise, Make a Dash to Cash With This ETF

BMO cuts gold price forecast as Fed's hawkish shift weighs on precious metals