at 2pm we get new rate from our buddies the feds.
maybe .75
or .50
Many people do not realize every jump they do is printing money and feeding inflation .
Fed 401k , well 401 tsp has many funds but it has the largest fund as the G fund at the moment the G fund pays around 3%
so a raise of .75 will boost the g fund over 3.5 %
so with rates raising in the g fund investors are fleeing from the other funds
https://www.fedsmith.com/2022/07/01/tsp-transfers-to-g-fund-up-249-percent/ So a 2x whammy the g-fund expands in size and in interest rates paid
All of the above is a hidden way to print money for a specific group "federal workers"
My wife's g-fund did nicely this year it is serving as a hedge for the down year in btc.