Most economists expect the Federal Reserve to scale back the size of its bond purchases, intended to prop up the economy, by the end of the year, and a sizeable number expect reduced buying as early as September, according to a Reuters poll.
Of 48 economists who answered a poll question on Friday about when they expected the Fed to cut back on the size of its debt purchases, 42 said they expected this by the end of 2013. Of those, 21 expect reduced purchases to be announced during the third quarter of the year, with 19 specifying the Fed's September policy meeting.
Read more...Most economists see Fed scaling back bond buys by year-end: Reuters poll | Reuters
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