Ahead Of Tomorrow’s Historic Fed Meeting, Here Is The Only “Cheat Sheet” You Need

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies

Ahead of tomorrow’s historic Fed announcement, in which for the first time the Fed is expected to announce the phasing out of bond reinvestment and the shrinking of its balance sheet by roughly $10 billion per month starting in October and November, but fear not the BOJ and ECB will more than offset this decline..

… there are various other unknowns with which Yellen could still surprise the market, including the Fed’s signalling on policy rates, economic projections, a shift in the “dots”, comments on asset prices and, last but not least, whether Yellen will stay or leave when her term expires in Feb 2018.
Below, courtesy of ING, is the definitive “cheat sheat” matrix laying out all possible permutations of what can happen tomorrow, as well as the most likely market reaction.

This post was published at Zero Hedge on Sep 19, 2017.