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Benzinga

Business

Bibhu Pattnaik

US Investors Cling To Record $7.7 Trillion In Money-Market Funds Amid Rate Cuts

United States the Federal Reserve

California Donors Boost Funds

US investors are steadfastly holding a record $7.7 trillion in money-market funds, with no immediate intentions of shifting the funds elsewhere.

Assets in money-market funds hit a record high last week. In the first week of September alone, over $60 billion was funneled into these funds, according to data from industry research firm Crane Data.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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