The Week Ahead: Looking for any anchoring adjustments

The American economy has a lot going for it. More people are getting vaccinated against COVID-19 each day, new stimulus checks will be showing up in the bank accounts of most Americans beginning this week, inflation is low, interest rates are low, and the job market is improving. And the Federal Reserve is not about to change its tacking when its interest rate setting committee meets for two days in the week ahead. In December the central bank clearly anchored expectations that it would keep its target borrowing rate near zero percent through at least the end of next year. Through a January CO…

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HEDGE accordingly