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Wells Fargo Join Growing Camp Looking For Pause In March

FED
  • Wells Fargo are also now “leaning toward” a pause. “We do not think CPI data for February, which will be released on March 14, will be a major determinant of whether the FOMC hikes rates at its next meeting”.
  • They only see upcoming CPI data becoming more relevant for the mon pol outlook beyond the Mar 22 FOMC assuming financial markets stabilize.
  • They join Barclays, Goldman and NatWest from those we’ve seen recently.
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