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In The Money
Managing cash as interest rate cuts postponed
This regular column addresses readers’ investing issues.
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US Federal Reserve chair Jerome Powell holds a press conference following a meeting of the Federal Open Market Committee on interest rate policy in Washington on May 1.
PHOTO: REUTERS
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Q: Given higher-than-expected US inflation earlier in the year, the market expected the US Federal Reserve to hold rates steady, which it did. Where does that leave investors holding cash?
Many conservative investors have been leaving their funds in fixed deposits or Singapore Treasury bills (T-bills). Some experts suggest that they consider the one-year T-bill to lock in the yield.
