NEW YORK (CNNMoney)
But they didn't seem too worried Monday. The Dow jumped more than 160 points, or 1%, in early trading Monday, while the S&P 500 and Nasdaq also rose nearly 1%.
The Fed's bond buying has supported stock markets around the world, and more investors believe the Fed will move sooner rather than later as economic data continue to improve.
"[A] growing minority now believe that the Federal Reserve could start to taper at this week's meeting," said Kathleen Brooks, a research director at Forex.com, adding that only a few weeks ago, most on Wall Street were expecting the Fed to announce tapering in the early part of 2014. By that time, Janet Yellen will be leading the Fed, succeeding Ben Bernanke, whose term expires at the end of January.
The Fed has been pumping trillions into the economy since December 2008. It's been injecting $85 billion per month since September 2012 through its third round of bond purchases, a program known as so-quantitative easing.
Related: Markets are ready for the Fed
In corporate news, AIG (AIG, Fortune 500) rose after the insurer reached an agreement to sell its airline leasing business to AerCap Holdings (AER) for $5.4 billion. AerCap surged on the news as well.
Shares of Sprint (S, Fortune 500) rose following reports from The Wall Street Journal that it was working on a deal to acquire T-Mobile (TMUS).
Google (GOOG, Fortune 500) agreed to buy Boston Dynamics, a builder of military robots.
Related: Fear & Greed Index shows Fear
European markets climbed in morning trading, with Germany's benchmark Dax index up by roughly 0.6%. Asian markets ended with losses. Japan's Nikkei slumped by 1.6% as the yen strengthened, hitting companies that depend on exports. 
First Published: December 16, 2013: 9:50 AM ET
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