Fed Now Seen Starting to Taper Bond Buying in December
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Most economists surveyed now say the Federal Reserve will begin tapering asset purchases in December after Chairman Ben S. Bernanke reset the central bank’s timeline by maintaining the pace of bond-buying earlier this week.
Twenty-four of 41 economists surveyed Sept. 18-19 said the Fed will now wait until December before taking the first step in slowing its $85 billion in monthly bond purchases, according to a Bloomberg survey. The median estimate in an Aug. 9-13 poll projected the Fed would begin paring at this week’s meeting.