Fed taper will remain slow and steady: CNBC survey
CNBC | Jan 28
The Federal Reserve will continue to taper its stimulus of the U.S. economy by announcing a $10 billion reduction in its monthly asset purchases at each of its policymaking meetings scheduled this year, including the two-day session that starts Tuesday. That’s the consensus forecast from 45 of the nation’s top money managers, investment strategists and professional economists who responded to this month’s CNBC Fed Survey. An overwhelming 87 percent expect the Fed to taper by an average of $9.87 billion at this month’s meeting, roughly matching the $10 billion reduction, from $85 billion to $75 billion a month, announced after the the central bank’s December meeting.
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