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Why did the the composite rate for I bonds issued droppeddrop to 6.89% from 9.62% when the Fed has been increasing interest rate?

Why did the the composite rate for I bonds issued droppeddrop to 6.89% from 9.62% when the Fed has been increasing interest rate? What is the correlation between I bonds rate and Feds fund rate?

Why did the the composite rate for I bonds issued dropped to 6.89% from 9.62% when the Fed has been increasing interest rate?

Why did the the composite rate for I bonds issued dropped to 6.89% from 9.62% when the Fed has been increasing interest rate? What is the correlation between I bonds rate and Feds fund rate?

Why did the composite rate for I bonds issued drop to 6.89% from 9.62% when the Fed has been increasing interest rate?

Why did the composite rate for I bonds issued drop to 6.89% from 9.62% when the Fed has been increasing interest rate? What is the correlation between I bonds rate and Feds fund rate?

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Why did the the composite rate for I bonds issued dropped to 6.89% from 9.62% when the Fed has been increasing interest rate?

Why did the the composite rate for I bonds issued dropped to 6.89% from 9.62% when the Fed has been increasing interest rate? What is the correlation between I bonds rate and Feds fund rate?