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

Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk
Bloomberg Markets Wednesday 24 June 2026, 14:13 UTC 1 min read
Key Points

Jun 24th, 2026 Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk Darrell Cronk, Wells Fargo Wealth and Investment Management CIO, says zero interest rate hikes by the Federal Reserve are baked into their forecast that says the S&P 500 will reach 7,900 by the end of this year. He says markets are not in a selloff, he says this is a "rotation within equities." He speaks on "Bloomberg Surveillance."

Jun 24th, 2026 Zero Fed Rate Hikes Baked Into S&P Forecast, Says Wells Fargo's Cronk Darrell Cronk, Wells Fargo Wealth and Investment Management CIO, says zero interest rate hikes by the Federal Reserve are baked into their forecast that says the S&P 500 will reach 7,900 by the end of this year. He says markets are not in a selloff, he says this is a "rotation within equities." He speaks on "Bloomberg Surveillance." [Image text:] WELLS FARGO S&P 500 YEAR-END TARGET WALLST 7,900
Wells Fargo's (ORG) Cronk Jun 24th (PERSON) Cronk Darrell Cronk (PERSON) Wells Fargo Wealth and Investment Management CIO (ORG) the Federal Reserve (ORG)
Originally published by Bloomberg Markets Read original →

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