Two days before the Fed confused everyone when it delivered neither a dovish hike nor a hawkish hold, but the most dovish possible outcome, we warned readers that the September FOMC announcement could be a carbon copy replica of what happened precisely two years ago, when everyone was expecting Bernanke to announce the Fed’s taper – a sign the US economy was solidly improving and QE was a success and thus can start being unwound – only to get precisely the opposite when Bernanke said “no taper”, leading some to wonder if this had been the Fed’s first major policy, and communication, mistake