"In anticipation" of the Fed's rate cut in September, investors flock to money market funds
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U.S. investors poured $37 billion into money market funds in the week ending Wednesday to prepare for the Fed's rate cut in September. Bank of America pointed out that this may create the largest three-week capital inflow since January, totaling $145 billion. According to market reports, investors allocated $20.4 billion, $15.1 billion, and $1.1 billion to the stock market, bonds, and gold respectively. Analysts believe that the rate cut may bring more cash inflows rather than directly driving large-scale stock purchases. Fed Chairman Powell has hinted that the time to adjust policies has come
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