Consensus Still Expects Tapering in March After October Employment Report
Despite the “Establishment Survey” shows significant improvements in October, economists still believe that the Fed will delay “tapering” until March, according to the last Bloomberg survey.
It seems very surprising to the extent that in the meantime, Lacker reiterated that the Fed cannot rule out a December taper.
More from Bloomberg:
Economists still forecast the Federal Reserve will delay tapering asset purchases until March even after a report yesterday showed employers added more jobs than forecast in October.
Policy makers will pare the monthly pace of bond buying to $70 billion at their March 18-19 meeting from the current pace of $85 billion, according to the median of 32 economist estimates in a Bloomberg News survey yesterday. The median forecast in an Oct. 17-18 survey of 40 economists also called for a reduction to $70 billion in March.