2.1 It is time to put excess cash to work Rising rates and volatile markets unsettled STEVEN WIETING Chief Investment Strategist investors in 2022. The new resulting and Chief Economist higher rate environment creates potential for seeking portfolio income. ƒ Difficult market conditions increased the temptation to sit on excess cash ƒ But 2022’s turmoil has also created more possibilities for putting cash to work ƒ Our expectation is for interest rates to peak and inflation to decline before long ƒ We favor various short-term US dollar–denominated bonds and dividend grower equities ƒ Suitable clients may consider select alternatives and capital markets strategies Citi Global Wealth PUTTiNG YoUr CASH To worK iN A HiGHer rATe eNviroNMeNT | | 30 Investments