The U.S. Federal Open Market Committee (FOMC) concluded its two-day meeting on the 1st of Feburary 2023. The meeting dicussed the Fed’s monetary policy stance and economic projection.
Key pointers to note in this meeting
Figure 1 : Fed Funds Rate Expected To Peak In June 2023
Point to ponder
As interest rates are coming to a peak very soon, investors who are more prudent may consider locking in their funds into US treasury bills which offer yields of 3.72% for the 20-year bills and 3.47% for the 10-year notes respectively (Yields are indicative as of 1 February 2023). US treasury bills are tradable on our POEMS platform. For more information please visit https://www.poems.com.sg/bonds/.