Lance Alexander speaks with Cheng Chye Hsern, Head of Investment, Providend, about the US Federal Reserve’s latest interest rate hike and where rates could be heading next. With Singapore T-bill yields rising, should investors be parking more cash in T-bills, what are the risks, and what other options are worth considering? They also examine what higher interest rates mean for Singapore REITs and the three local banks - DBS, OCBC and UOB. Should investors rethink their holdings? Plus, why has gold come under pressure despite persistent inflation, and does it still deserve a place in investors’ portfolios?