Blue-lined markup comparison of the August versus June Federal Open Market Committee/ FOMC statements below:

  • Economic Activity Has Slowed
  • Inflation Has Decelerated
  • Will Provide Stimulus as Needed, According to Data
  • Single Hawkish Dissent

Don’t forget the first reaction is often a fade, but price can move quickly. Also see past Fed-Day reactions on this site, and prior statement markups here.

[Double 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.