Money-Market Assets Hit Fresh Record for Second Straight Week



Money-market fund assets rose to a fresh record high for the second straight week on expectations short-term rates will remain elevated for longer after traders reined in bets on the first Federal Reserve cuts this year.

About $19 billion flowed into US money-market funds in the week through March 6, according to Investment Company Institute data. Total assets rose to $6.08 trillion from $6.06 trillion the week prior.



Source link

Recommended For You

About the Author: Tony Ramos

Tony Ramos is a seasoned expert in business funding and real estate investment, with a remarkable journey spanning over 20 years. His expertise in flipping properties and implementing the buy-and-hold strategy has positioned him well in the real estate investment sector. Tony's profound understanding of financial strategies extends to teaching individuals and businesses how to become debt-free and leverage the power of LLCs for funding. For insights, mentorship, or collaboration opportunities, Tony can be reached at businessfundingnopg@gmail.com. Connect with him to unlock the potential of smart financial strategies and embark on a path to financial success and freedom.

Leave a Reply

Your email address will not be published. Required fields are marked *