Wall Street is closely watching an $8.8 trillion pile of cash that could quickly fuel a major market rally, according to a new report. Investors are anticipating a seismic shift in the trillions of dollars that has piled up in money markets, reports the Wall Street Journal. Capital poured into money market funds over the […]
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Hundreds of billions of dollars in deposits have exited US banks this year as consumers and institutions flock to money market funds to take advantage of the high interest rate environment. New data from the Federal Reserve Economic Data (FRED) system shows deposits in all US commercial banks plunged from $17.736 trillion at the start […]
The post $397,000,000 in Deposits Exit US Banking System in One Year As Money Market Funds Witness Historic Inflows appeared first on The Daily Hodl.
Financial titan Bank of America (BofA) says money market funds just witnessed a deluge of more than half a trillion dollars worth of capital. According to a recent BofA investor note, money market funds have attracted $756 billion in investments this year amid the lingering banking crisis and the Federal Reserve’s aggressive rate hikes, per […]
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The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of […]