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Only 11% of fund managers see a taper this week, survey finds
Fund managers are looking past Wednesday and into the new year for a Fed taper — all the way out to March. That’s the view of managers polled by Bank of America Merrill Lynch in its monthly survey. Just 11% of fund managers are braced for a potential taper this week — 32% expect the move in January and 42% in March. Even so, tapering seems to be causing no alarm among managers as 71% expect a stronger economy. (A Wall Street Journal poll of economists found that a quarter see a taper coming on Wednesday, while a Bloomberg poll found that 34% expect a tapering to come from the wrap of that Fed meeting.) Cash ... (full story)
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