So, I have almost 1/2 of our retirement nestegg sitting in a 3.7% MM, awaiting "opportunities". The original plan was to wait for the December Fed meeting, but I am now thinking that the 50 bps increase in the Fed funds rate is likely already baked in and it seems unlikely that they will do anything that moves rates at that meeting that isn't already baked in, and that even if they announce something unexpected it isn't going to impact the long end of the curve. For me the long end is mostly 5+ year maturities.
So now I'm thinking that it might be better to fill in the long rungs of my ladder now and grab those higher rates while they are still available. Or am I being too impatient? Maybe I should read this thred less often?
Thoughts?