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

  • Labor & Spending Improving
  • Inflation Stable despite Crude Oil
  • Continued Accommodative Stance
  • Low Rates Expected to Late 2014
  • One 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.

[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.