Assessing last week's announcements by the U.S. Federal Reserve, a plurality of economists surveyed said they expect the Fed's $85 billion monthly bond purchases will be cut to $65 billion by September and come to an end a year from this month. "It's a shot heard round the world for global investors -- a reminder that QE is in fact going to end one day," said Chris Rupkey, chief financial economist for Bank of Tokyo-Mitsubishi UFJ.

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