The most succinct post-mortem summary of the FOMC announcement comes from Citi’s Stephen Englander. It is as follows:
After reading the Fed statement, CitiFX Head G10 Strategist Steven Englander says that he would put tapering odds at:
- 20% December
- 45% January
- 25% march
- 10% Beyond March
Before this meeting his estimates would have been:
- 10% December
- 25% January
- 35% March
- 30% Beyond March
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/mNobqpXdyT4/story01.htm Tyler Durden