Why are people parking their cash in money-market funds?
The Federal Reserve has also lifted it benchmark interest rates to as high as 5% compared to almost zero 12 months ago - the steepest jump in US borrowing costs since the 1980s. That has boosted money-market yields, meaning investors can get a higher return on such funds versus storing their cash in banks, which have been slow to increase savings rates in line with the Fed.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: