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John Authers

Dreams of a Soft Landing, Fears of Hard Retirement

A good scenario for the Fed is beginning to look as difficult as bringing a jetliner down safely on the Hudson River.

The Miracle on the Hudson in 2009.

The Miracle on the Hudson in 2009.

Photographer: Jeremy Bales/Bloomberg

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The main act is almost upon us. There’s not much point in speculating at this late stage over exactly what the Federal Open Market Committee will announce at its Wednesday afternoon meeting. But if you’re concerned about investment, it’s hard to think about much else.