I bond yield expected to plummet

I bonds have been one of the hottest topics in personal finance since November 2021. The interest rate is tied to a measure of inflation that resets every 6 months. In May 2022, the interest rate surged to a jaw dropping 9.62%. However the Federal Reserve has been working to cool the economy off in an effort to bring inflation down. Those efforts have been working. As a result, inflation has eased and when the I bond rate resets in May 2023, it's expected to be around 3.8%. By comparison, brokered CDs and Treasury bills look more attractive.
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