BofA's Hartnett: investors poured $166.4B into cash funds, biggest inflow since April 2020; no rate cuts, no cash cuts

Bank of America's Michael Hartnett says money market funds attracted $166.4B last week, the biggest inflow since April 2020, and that investors are unlikely to shift the sidelined cash anytime soon without sustained Fed rate cuts: "No rate cuts, no cash cuts."

Detected & updated continuously · Source: Nebula