Fidelity Government Cash Reserves, FDRXX, Is the Boring Fund Doing the Heavy Lifting

The Federal Reserve has cut its target rate by 75 basis points over the past year, from 4.5% to 3.75%, and yet 3-month Treasury bills still yielded 3.87% on August 12, 2026. That is the quiet backdrop for Fidelity Government Cash Reserves (
Read more...