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Annual Economic Outlook

2015 Economic Outlook. A whole new ball game.
Policy tightening, shifting dynamics in the domestic economy, and slower global growth has changed the game for the economic environment. Despite expectations for firmer growth in 2015, the economy will enter uncharted territory as businesses and consumers navigate the path to normalization of rates, a flatter yield curve, and structural reforms in other economies.

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Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC and Wells Fargo Bank, National Association. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts.