The paradoxical result is that the Reserve Bank retention of protracted higher interest rates to help reduce inflation may now be perpetuating a new inflationary cycle, primarily driven by increasing council rates, insurance, and business operating costs.
Wharton Wealth Planning, LLC, a New York-based independent fee-only fiduciary financial advisor, believes many areas in the fixed income markets are attractively priced and that it is likely not be the best idea to over-allocate to cash right now.
