The Fed’s interest rate cuts are costing investors in money markets over $60 billion per year in lost income! One solution to this problem is to find a more appropriate investment portfolio for your short-term investing needs. For instance, you might consider Rebalance’s Income Portfolio, which has an SEC 30-day yield of 3.29% (as of 6/30/20). Allan Sloan explains the real cost of interest rate cuts in his piece for The Washington Post below.
The Fed interest rate cuts are costing money fund investors billions a year
by Allan Sloan
This article was originally published in The Washington Post on July 10, 2020.