Sadly I lost audio feed ahead of the Fed Statement at 6pm London Time.
Nevertheless, I provide the video footage for several minutes, during which the market’s did move considerably.
5/10 on the Harry Hindsight Impact Meter.
* Fed sees first rate rise in 2015, drops 6.5% jobless threshold.
* Fed cuts monthly Treasury purchases by $5bn, and MBS by $5bn; generally expected.
The water turns pretty much red for a good hour thereafter.
…And an hour later, 7pm London Time, the Fed’s Yellen is answering questions and comes across as more Hawkish than the market bargained for. Further selling ensues…