March 14, 2025
Financial Assets

Investors rush to money market funds before Fed rate cut, BofA says

By Harry Robertson LONDON (Reuters) – Investors poured $37 billion into cash-like money market funds (MMFs) in the week to Wednesday, Bank of America said on Friday, as they braced for the U.S. Federal Reserve to cut interest rates in September. It put MMFs on track for their biggest three-week cumulative inflow since January at

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