Over the past 14 months, as the U.S. Federal Reserve has rapidly raised interest rates, yields on short-term U.S. Treasury bills, Bank Certificates of Deposits (CDs), purchased money market funds, and yes, even some (heavy emphasis on the some) regular checking and savings accounts have steadily risen. Yields on short-term instruments are the highest they have been since 2005-2007, when you regularly saw your checking account yielding around 5%. Click here to finish reading the Q1 2023 Market Commentary.
Prepared by Schneider Downs Wealth Management Advisors, L.P.
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