Citi Now Sees Odds Of A December/January Taper Announcement Doubling From From 35% to 65%

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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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