Blue-lined markup comparison of the September versus November Federal Open Market Committee statements below.

  • Economic Strengthening
  • Consumer Spending Picking Up
  • Housing Weak
  • Jobs Weak
  • Inflation Moderated
  • One Dissent Looking for More Accommodation

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.