Blue-lined markup comparison of the September versus August Federal Open Market Committee statements below. Also see past Fed-Day reactions on this site, and prior statement markups here. Note in particular, how “additional accommodation if needed” is specifically referenced below in paragraph four:
[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. (* I am not compensated for this mention; just a fan of Rob’s work).
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