Ever since Federal Reserve Chairman Ben Bernanke noted last month that the central bank may start slowing its stimulus program in just a “few meetings,” it’s been a bumpy ride for financial markets.
Stocks have had some wild swings and the benchmark 10-year Treasury yield has ticked slightly higher. Much of the volatility is due to confusion about what exactly Bernanke meant by a “few.”
Other Fed officials have since discussed the issue further but have hardly cleared it up, so CNNMoney asked economists and investment strategists for their predictions about what the Fed will do next.
Nearly two-thirds of the 39 people we surveyed said they don’t think the Fed will slow its monthly asset purchases until at least December. Some even noted that the so-called “tapering” may not begin until 2014.
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