The Fed is meeting in 11 days. Therefore, it is time to start speculating about what they will do/that they will do what you want them to do/that any prediction other than "sit tight" has more than a trace likelihood of coming true. And if not in 11 days, then in a month-and-a-half. Or in September. You know, eventually. Ben Bernanke did say "maybe" and "possibly" and "in the next few meetings," after all.
Federal Reserve officials are likely to signal at their June policy meeting that they're on track to begin pulling back their $85-billion-a-month bond-buying program later this year, as long as the economy doesn't disappoint.
A good-but-not-great jobs report Friday ensured officials wouldn't want to act right away and would instead want to see more data before taking a delicate step toward winding down the program….
The Fed's next meeting is June 18-19, and after that at the end of July and in mid-September.