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
[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.