Tags: federal reserve | cnbc survey | tapering | stimulus

CNBC Survey: Fed Will Keep Tapering by About $10 Billion Per Meeting

By    |   Tuesday, 28 January 2014 07:35 PM

A 72 percent majority of 45 money managers, investment strategists and economists surveyed by CNBC predict that the Federal Reserve will continue tapering its quantitative easing at each of its meetings this year.

The Fed announced its first tapering last month, cutting its monthly bond purchases by $10 billion to leave them at $75 billion.

The experts who anticipate more tapering at each meeting this year predicted an average of reduction of $10.65 billion per meeting. That would put an end to QE in December.

Editor’s Note: Pastor Explains His Biblical Money Code for Investing

A total of 50 percent of respondents believe that's the right pace, while 29 percent think it's too slow and 19 percent think it's too fast.

A total of 87 percent of those surveyed expect the Fed to taper at its meeting that ends Wednesday — by an average of $9.87 billion.

A total of 38 percent of the experts think the Federal Open Market Committee will have the same ideological tilt this year as last year, while 35 percent believe it will be more hawkish and 26 percent expect it to be more dovish.

Meanwhile, while most bond market experts anticipate long-term interest rates will rise as the Fed keeps tapering, Daniel Alpert, managing partner at Westwood Capital investment, bank sees it differently.

The continuation of tapering and ultimately the end of QE will lead the global bond market to "re-animate to the low growth, lack of demand, oversupply kind of market we’ve had in the macro world for a long time," he told Yahoo.

Editor’s Note: Pastor Explains His Biblical Money Code for Investing

Related Stories:




© 2020 Newsmax Finance. All rights reserved.


   
1Like our page
2Share
StreetTalk
A 72 percent majority of 45 money managers, investment strategists and economists surveyed by CNBC predict that the Federal Reserve will continue tapering its quantitative easing at each of its meetings this year.
federal reserve,cnbc survey,tapering,stimulus
293
2014-35-28
Tuesday, 28 January 2014 07:35 PM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved