Bernanke Speaks—Patience, Markets’ Reaction—Impatience

Expectations always are a distribution around the consensus. Today Bernanke gave us the consensus and the “ease now” camp was disappointed. Weaker growth and disinflation will prompt Fed action—just not today. Thank you for your interest in Wells Fargo’s Economic Commentary by email. You are receiving this message because you have requested Economic Commentary information and updates sent … Expectations always are a distribution around the consensus. Today Bernanke gave us the consensus and the “ease now” camp was disappointed. Weaker growth and disinflation will prompt Fed action—just not today. Thank you for your interest in Wells Fargo’s Economic Commentary by email. You are receiving this message because you have requested Economic Commentary information and updates sent via email. If you no longer wish to receive these emails, please click on the following link to access the Economic Commentary by email registration page: http://www.wellsfargo.com/economicsemail.

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