Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
U.S. money market fund assets rise to record high, short-term rates expected to remain high

U.S. money market fund assets rise to record high, short-term rates expected to remain high

2024/04/04 23:00
By:

Assets held by U.S. money market funds rose to a record high, as the latest Federal Reserve speech showed officials were in no rush to start cutting interest rates and investors expected short-term interest rates to remain high. Data from the Investment Company Institute showed that approximately $70.5 billion flowed into U.S. money market funds in the week ended April 3, the largest weekly increase in three months. Total assets rose to US$6.11 trillion from US$6.04 trillion the previous week.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Dogecoin Drops 30% from Yearly Highs, Risks Falling Below $0.20

Dogecoin has plunged 30% from its yearly high, with bearish indicators like a "Death Cross" and Super Trend readings hinting at further losses.

BeInCrypto2024/12/23 00:30