The central bank $4 last week when it announced it would not reduce the rate at which it is purchasing mortgage bonds and Treasury bills. Most analysts had expected the Fed would reduce the $85 billion a month program by around $10 billion.
So market watchers have been left guessing when exactly the Fed will make the taper announcement.
Here are the $4 (granted there's no way to know how liquid this market is):
- October: 13-8
- November: 4-1
- December: 7-2
- 2014 or later: 15-8