Any money in the bank is going to be fine. If you have a diversified bond fund, maybe you'll be fine. I personally think they're going to work it out because the consequences of Congress and the president not working out will be so bad that they're not willing to do that. Longer term, like we can't keep doing this. So I hope they figure out some way around this because otherwise we're just going to have to keep doing this every year, every two years, every three years.
The Federal Reserve has raised interest rates 10 times since 2022. But you probably wouldn’t notice those hikes in a traditional savings account. Dylan Lewis caught up with Robert Brokamp to discuss: - How banks benefit from your inertia, and how that costs you - Ideas for managing cash for the next few weeks, months, and years - Money market funds paying more than 4%, and the caveats to understand before utilizing those accounts - Who can benefit from I Bonds and less-liquid savings vehicles Website mentioned: https://www.fool.com/the-ascent/ Host: Dylan Lewis Guest: Robert Brokamp Producer: Ricky Mulvey Engineer: Rick Engdahl
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