As interest rates climb, consider a cash-management strategy to get higher yields

THE US economy contracted again in the second quarter of the year. While 2 consecutive quarters of negative growth is often considered a recession, the National Bureau of Economic Research (NBER) has yet to declare a US recession.

Regardless, red-hot inflation which prompted the US Federal Reserve to hike rates aggressively has raised the risk of a recession significantly.

Amid the challenging macroeconomic environment, global equity markets have sold off intensely and the slump in risk sentiment may have also pushed investors to set aside more cash.