The Week Ahead: Keep paddling while keeping calm

The Federal Reserve is like a duck: calm on the surface but working furiously just out of plain sight.The central bank needs to project composure in the week ahead, as undercurrents pick up. The Fed’s interest rate setting committee meets on Tuesday and Wednesday. There is no question the group will keep interest rates near zero. After all, it has pledged to do so “until it is confident that the economy has weathered recent events,” as it said in April.Last month, the agency went further and said it would tolerate a burst of inflation without raising interest rates. This marked a change in the…

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HEDGE accordingly