Blue-lined markup comparison of the August versus June Federal Open Market Committee statements below. Also see past Fed-Day reactions on this site, and prior statement markups here. Note in particular, the new paragraph on recovery support efforts below….
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.