Fed could be the Grinch who ‘stole’ cash earning 5%. What a Powell pivot means for investors
Federal Reserve Chairman Jerome Powell in the past week gave investors “chilling” in short-term Treasury bills a reason to consider pivoting to something else. Yields on 3-month BX:TMUBMUSD03M and 6-month BX:TMUBMUSD06M Treasury bills have been seeing yields north of 5% since March when Silicon…
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