TBIL: The Little Things That Make It Go In One Direction

Summary The Fed’s September rate hike marked a change in pace in FOMC Chair Warsh and opened the door for more hikes to follow. TBIL offers highly liquid exposure to 3-month U.S. Treasury bills, with monthly distributions and limited price volatility. Higher inflation and inflation expectations are likely to keep the Fed pushing rates higher. Fiscal pressures, rising government borrowing costs, and weakening in the labor market remain the main risks to make the Fed revise its policy stance. asbe/iStock via Getty Images How quickly the tables have turned in the past few weeks. Only in June did we think the Federal Reserve might keep rates unchanged this year, and now we have already seen a rate hike last week. Between This article was written by Lior Cohen 2.45K Followers Follow Hi I'm Lior, an economist with a PhD in economics from the University of Barcelona. My area of research has been on financial markets and monetary policy. I have been a blogger for over a decade focusing on commodities (mainly oil and gold) stocks, bonds, and currencies. I also analyze macroeconomic events and their impact on financial markets. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.