Jetcityimage | Istock | Getty ImagesAs inflation falls, investors are weighing whether to buy or sell Series I bonds amid other competitive options for cash.
"Cooling inflation means that interest rates are likely near the end of their increases," said certified financial planner Ted Haley, president of Advanced Wealth Management in Portland, Oregon.
But in the meantime, many investors are waiting for the Federal Reserve's next interest rate decision later this month, which may affect cash yields.
While the yearly rate fell to 4.3% in May 2023, the fixed rate portion climbed to 0.9%, making the asset more attractive for long-term investors.
Of course, the next fixed rate for I bonds could be higher or lower.
Persons:
Ted Haley, Haley, David Enna, Enna, Ken Tumin, DepositAccounts.com
Organizations:
Istock, Getty, U.S . Bureau of Labor Statistics, Advanced Wealth Management, Federal
Locations:
Portland , Oregon