June FOMC Statement Comparison

Blue-lined markup comparison of the June versus April Federal Open Market Committee statements below. Also see past Fed-Day reactions on this site, and prior statement markups here. Net net, looks like a minor economic downgrade on first review, particularly with respect to the pace of recovery...

[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.