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BOSTON (MarketWatch) — The Federal Reserve has telegraphed the future of interest rates and inflation, and here’s the takeaway: “Money-market funds are the Stupid Investment of the Week.”
Stupid Investment of the Week showcases conditions and characteristics that make a security less than ideal for the average consumer, in the hope that spotlighting trouble in one case makes it easier to avoid trouble elsewhere. The column is not an automatic sell signal, which is particularly true for people who use money funds to park cash that they can plow into an investment strategy on a moment’s notice.
But most people don’t use money funds that way, and that’s part of the problem.
