Mini-Flash Crash > FedSpeak Crashes The Stock Market on Fri Sept 09 2016

According to this source  " the alarm was caused by a barrage of Fedspeak and the feared Fedspeak to come ahead of the September 21st pronouncement from the U.S. Federal Reserve on monetary policy. After the dust settled, financial markets still expressed disbelief in the September rate hike scenario. The odds for a hike in December surged from 51.4% to 59.2%. September has been a wild month already with rate hike expectations going from December on to December off/March on and now December on again as economic news and Fedspeak have crossed up markets.

DrDruru's  best guess is that the Fed scheduled the current barrage of chatter to begin convincing markets that a rate hike is coming in December no matter what.
The Fed will NOT hike rates in September against the market’s expectations.
The renewal of excited media speculation over a September hike serves the Fed purpose to set up a long runway to a December hike. Imagine the (temporary) relief that will come after the Fed fails to hike rates in September while at the same time signals a near certain December hike: “yay – only one rate hike this year instead of two!”. That meeting will likely be yet another great opportunity to fade volatility.

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http://www.bloomberg.com/markets/stocks