06.13.24
U.S. Money Market Funds Hit All-Time High of $6.12 Trillion
by: Alex Harris and Carter Johnson
U.S. money market fund assets rose to a record on expectations that Federal Reserve policymakers are in little rush to ease monetary policy. About $28 billion flowed into the products in the week through June 12, according to data from the Investment Company Institute, bringing total assets to $6.12 trillion, surpassing a prior record high reached in April.
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