News Formal

US money market funds draw biggest weekly inflow in seven months

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Explore stories from Atlantic Canada.

N.S. flood victim surprised by apartment makeover | SaltWire - U.S. money market funds received a big influx of capital in the seven days to Nov. 1, driven by investor caution ahead of the Federal Reserve's policy decision and the Treasury Department's announcement on its expected funding needs.

On Wednesday, the Fed maintained interest rates steady. While Chair Jerome Powell left the door open to more tightening, he also nodded to the impact of a recent surge in bond yields on the economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apollo's Q3 earnings rise 23% on management fees, retirement servicesExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Apple's holiday-quarter forecast faces threat from Huawei, weak China marketExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »