Market is now expecting Fed taper in September - the results of a flash CNBC Fed Survey taken after last Friday's jobs report shows that Wall Street expects...

Market is now expecting Fed taper in September - the results of a flash CNBC Fed Survey taken after last Friday's jobs report shows that Wall Street expects the Fed to start withdrawing stimulus in September, a month earlier than what it believed a month ago. Over three-fifths of survey respondents expect tapering will start before November while 39% are targeting September. On average, Wall Street expects a $22.1 billion reduction in the Fed's asset purchases when tapering does begin. However, the survey also shows that Wall Street doesn't think the Fed will completely stop its buying until July 2014. (VIEW LINK)