Investors Snub Wall Street, Build $5.1 Trillion Cash Fortress as Fed Pushes Rates Toward 4.75%
Quick Read U.S. households now hold a record $5.11 trillion in money market funds, up $2.58 trillion over 17 consecutive quarters of growth. The Fed's first rate hike since July 2023 pushed rates to 3.75%-4%, with markets pricing three mor…