Money markets

With interest rates expected higher for longer, what to do with cash

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Americans holding cash just got some good news from the latest inflation report. With consumer prices rising faster than expected , the odds of a Federal Reserve rate cut happening soon appear slim. In fact, traders have pushed back expectations for a Fed cut until September, according to the CME FedWatch Tool . At one … Read more

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

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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 … Read more