The Week Ahead: A predicament of patience

Economic data say the Federal Reserve has reason to continue to be patient when it considers its economic support in the week ahead. That patience may be tested in unexpected ways, though. Meeting one of the central bank’s two goals — maximum employment — remains distant. Total unemployment in December was almost 12 percent. This includes 4 million Americans who have gone more than six months without working. And more Americans filed for first-time unemployment benefits the first week of January than since August. The agency also has runway ahead of it in meeting its second goal — stable price…

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HEDGE accordingly