I just switched to a currency fund some time ago. $E Fund (HK) Hong Kong Dollar Money Market Fund (HK0000499787.MF)$ , the income is not much:
The epidemic is over and the ports are clear, and I may be staying in Shenzhen for a long time this year, so most of the money is exchanged for RMB, and HKD only leaves the funds fixed monthly in the account, so it is a pity that I do not enjoy the benefits of how much the Fed increases.
As for the Fed's rate hike, for now I still stubbornly believe that the final rate will be above 5% but not above 6%. It is very likely that it will be maintained at 5% for a while, at the moment, it seems that this maintenance period should be short.
Because if interest rates exceed 6%, it is too big a blow to the entire U.S. physical economy, and the cost of financing businesses is too high, which is detrimental to economic development. The Fed's interest rate hike is meant to lower social demand and reduce inflation. Instead of knocking the US economy into recession.
Currently the US unemployment rate is at an all-time low, and the PMI is also back above the 50 mark, indicating that the US economy is still very strong, but on the other hand $Meta Platforms (META.US)$ More than a thousand people were announced again. Large factory layoffs, but the unemployment rate is very low, or rather strange.
Whatever the case, the current rate of return on money funds is really eye-popping. $E Fund (HK) US Dollar Money Market Fund (HK0000499811.MF)$ For example, the current thousand yuan...