Despite significant progress, inflation continues to stay above the Fed’s 2% target, and it will be likely for the central bank to raise interest rates further and hold them at a restrictive level for some time. Amid the uncertainty around the Fed’s monetary policy, ongoing government dysfunction, and other macroeconomic challenges, the stock market could remain highly volatile.
Amid this backdrop, best-performing bond ETFs iShares 1-3 Year Treasury Bond ETF (SHY) and iShares Treasury Floating Rate Bond ETF (TFLO) could be ideal investments now for instant diversification and steady returns.
