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Cold, hard safety blanket: Cash rules as stocks, bonds waver

SeattlePI.com Monday, 14 January 2019
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. "It took us a while to get above zero," said Deborah Cunningham, chief investment officer of global money markets at Federated Investors. "But now that we're in a slow-growth environment with interest rates normalized, it becomes a pretty good place to exist.
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