US money market funds draw biggest weekly inflow in seven months

📆 03/11/2023 12:52:00
📰 SaltWire Network

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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.

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