Among them is Rob Morgan of Fulcrum Securities, who believes the Fed will halt QE as soon as June 2013 and says, "There is an outside chance rates will be hiked this year as well." Morgan is more optimistic than average about the U.S. economy, forecasting 3 percent growth this year and next.
Neal Soss of Credit Suisse says an end to asset purchases this year "requires more robust job performance than we've seen to date. But continued labor market improvements, even sluggish ones, may warrant trimming the Fed's $85 billion monthly shopping budget, perhaps as soon as mid-year."
(Read More: Economic Optimism Growing on Wall Street)
Wall Street believes the Fed will halt asset purchases when the unemployment rate reaches 6.8 percent, an increase from last month's 6.5 percent. That could be because since the December survey the Fed provided more guidance in its monetary policy statement, pegging a 6.5 percent unemployment rate to interest rate hikes. This suggests to markets that the end of asset purchases would be somewhere above that unemployment rate.
The market also sees the Fed halting assets purchases at a 2.6 percent inflation rate, down from 3.4 percent in the prior survey.
Overall, the concept of tying monetary policy to economic targets got overwhelming support from 84 percent of respondents. But the Fed's execution came in for considerable criticism: 48 percent said the Fed could be clearer in explaining its targets and 10 percent said the Fed is not clear at all.