May 10, 2024
Investors

What investors with $6.5 trln in cash should do while waiting for Fed rate cuts

The Federal Reserve’s pushback on expectations for interest-rate cuts over the past two weeks has investors closing watching inflation data and piling more cash into money-market funds. Investors stashed a record $6.48 trillion away in U.S. money-market funds through the end of January, with the balance growing as euphoria in December over a Fed policy

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Investors

Even as yields come off their highs, investors continue pouring into cash, Bank of America finds

Investors are continuing to pour cash into money market funds, thanks to their juicy 5% yields. The funds saw cumulative inflows of $163 billion in the first two weeks of 2024, their strongest start to a year on record, according to Bank of America. “It is bucking the trend at this point from what normally

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