Bernanke should lay groundwork for Fed Reserve tapering: ""We still think they're not going to do anything tomorrow in terms of actual action," said Bill Stone, chief investment strategist at PNC Wealth Management. "We think they're going to punt until January. Obviously it depends whose survey you look at, but there are a significant number of managers that believe—and it wouldn't blow me out of the water—if they did do something tomorrow. The odds, I think, are greater than 50 percent that they wait until January."
CNBC's Fed Survey this week showed that expectations are now that the Fed will begin to move away from its $85 billion in monthly bond and mortgage purchases in February—two months earlier than expected in an October survey of fund managers and others. Fifty-five percent see the Fed tapering in January or December, while more than 40 percent expect it in March or later."
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