What a record $6 trillion in money market funds could mean for the stock market in 2024
As a result of the Fed's rate hike, money market funds reached a record $5.88 trillion, up 24% from a year ago. This surge in funds could potentially provide strong support for the US stock market in 2024, leading to a potential upward trend.
However, with the Fed expected to cut rates several times over the next year, what impact will this have on the market? Let's take a look at today's news decoding.
Why did the Fed increase interest rates? How does the monetary policy influence the economy and your investment? In today's lesson, we will explore the Federal Reserve's monetary policy and help you gain a deeper understanding of its composition, function and impact on the major assets. Let's get started>> How to Analyze the Federal Reserve's Monetary Policy?
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