According to a good old fashioned Reuters poll 38 out of 56 economists expect the Fed to reduce their purchases of printer ink. The remaining 16 still say Oct-Dec while 2 still plumb for early 2014.
54 out 56 of them didn’t let Bernanke’s testimony sway them from their path of the timing of reduced QE.
Barclays capital said that despite others seeing Bernanke’s comments as downplaying tapering they don’t.
Coming out of the June meeting, our view was that the decision to taper would be taken in September. That did not change with his recent testimony to congress. In fact we read that as very much consistent with our expectation
