Comment on The Fed's rate cuts will spark a $2 trillion exodus from money market funds, Apollo chief economist says

The Fed's rate cuts will spark a $2 trillion exodus from money market funds, Apollo chief economist says

Federal Reserve Chair Jerome PowellChip Somodevilla / Staff/ Getty ImagesThe Fed's easing cycle will fuel a rotation out of money market funds, Apollo's Torsten Slok says.Slok says the money will flow into higher-yielding assets in credit markets. Assets held in money market funds soared to record levels since the Fed began raising rates in 2022.

 

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