nogood87: It's serious hospital about essay writing south In a statement set for this afternoon, the Fed is likely to start cutting the $45 billion a month in Treasury bond purchases. That could leave untouched the $40 billion set aside for mortgage-backed securities. “I think you’re going to finally see some sort of drawdown — how much, it’s difficult to say,” Joe Deaux, economics analyst for TheStreet.com tells ABC News Radio. The moves may be cautious and the tapering of these purchases may take months before the policy ends. Deaux says recent rounds of quantitative easing have boosted stock prices. “Traders have felt that so long as the Fed says that it’s going to act then there’s every reason to buy into stocks.”