Blue-lined markup comparison of the July versus August Federal Open Market Committee statements below [graphic fixed; I had statements reversed].
- Economics Considerably Slower Than Expected
- Will Consider Easy Money from Rate Standpoint Through 2013
- Longer-Term Inflation Remains Stable
- Three Dissenting Votes
Don’t forget the first reaction is often a fade. Also see past Fed-Day reactions on this site, and prior statement markups here.
[Click Graphic Below to Enlarge]
Did today’s trade pattern surprise you? If it did, may I recommend Rob Hanna of Quantifiable Edges new e-book, “The Quantifiable Edges Guide to Fed Days”. It’s a tremendous compendium of over thirty years of Fed-day patterns and odds, and is well worth the small investment.
