A $6 Trillion Wall of Cash Is Holding Firm as Fed Delays Cuts

Last year’s cash surge ‘wasn’t a flash in the pan,’ Crane says
Corporate cashpile hit a record $4.4 trillion in third quarter

“Bloomberg Markets” follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today’s Guest: MacroPolicy Perspectives Senior Advisor, Constance Hunter

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By Alex Harris and Nina Trentmann

February 19, 2024 at 11:00 PM UTC

This article is for subscribers only.

Investors are plowing billions into money-market funds by the day. Corporate treasurers are hoarding record amounts of cash. The market is digesting a glut of Treasury bills without a hiccup.

For an asset class that many market prognosticators all but left for dead to start the year, there’s still plenty of life left in cash.