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.
The Fed's Rate Cuts Will Spark A $2 Trillion Exodus From Money Market Funds, Apollo Chief Economist Says
kcloonan@insider.com (Kelly Cloonan), Business Insider
Tue, 11/19/2024 - 2:43pm
Topics: federal reserve chair jerome powellchip somodevilla staff getty imagesthe fed the federal reserve march september funds goldman sachs business insider fed the apollo's torsten slok slok rate trillion chief economist credit assets accounts fuel markets easing higher-yielding inflows rotation held cycle flow cutting earlier note wrote support equities returns late-cycle yields stocks
BING NEWS:
- The Fed's rate cuts will spark a $2 trillion exodus from money market funds, Apollo chief economist says
Money market funds attracted record inflows since 2022. Now, that's set to flow back to the market as rates come down and investors look for yield.
11/19/2024 - 8:43 am | View Link - Fed's Logan eyes more gradual rate cuts amid more balance sheet cuts
NEW YORK, Oct 21 (Reuters) - Federal Reserve Bank of Dallas President Lorie Logan said Monday she sees more rate cuts ... funds to private markets.” Logan said longer run it's likely money ...
10/21/2024 - 1:59 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more