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Fed Seen by Economists Trimming QE in September, 2014 End

The Federal Reserve will trim its monthly bond purchases to $65 billion in September and end buying in June 2014, according to the plurality of estimates by economists in a Bloomberg survey.

The survey of 54 economists was conducted June 19-20, following Chairman Ben S. Bernanke’s press conference, in which he mapped out a timetable for ending one of the most aggressive easing strategies in Fed history. His remarks prompted economists to predict a faster reduction in bond purchases from $85 billion per month: 44 percent of economists see a tapering in September compared with 27 percent in a June 4-5 survey.