When Will The Fed Begin Tapering: Here's What 10 Wall Street Strategists Think

Meanwhile, Bloomberg summarizes the result of its survey noting that more than two-thirds of the economists surveyed expect the FOMC will give an early-warning signal of tapering this year, with the largest number - 45% - looking for a nod during the July-September quarter.

That could come from either the July or September FOMC meetings, or Powell’s semi-annual testimony to Congress. Another option is the Kansas City Fed’s annual late-August Jackson Hole Economic Symposium, which has been used as a venue to deliver signals in the past. The Fed chair typically gives the keynote speech and Powell has so far continued that tradition.

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