Cold, hard safety blanket: Cash rules as stocks, bonds waver
NEW YORK (AP) — Suddenly, cash is king again.
For years, cash languished at the bottom of the investment rankings, weighed down by nearly non-existent interest rates. But with the Federal Reserve raising short-term rates four times last year, money-market funds and online savings accounts began paying interest that came close to approaching inflation.
This while stocks, bond funds and gold all posted losses in 2018.