US Money-Market Fund Assets Rise to Record $6.15 Trillion
- Total assets climbed in six-day week to July 2, ICI data show
- Surpasses prior record high reached in period to June 12
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Money-market fund assets rose to a fresh record on expectations short-term rates will remain elevated as Federal Reserve policymakers continued to signal they are in no rush to ease monetary policy.
About $51.2 billion flowed into US money-market funds in the shortened week through July 2, the biggest inflow in three months, according to Investment Company Institute data. Total assets rose to $6.15 trillion from $6.10 trillion in the prior week, surpassing a prior record high reached three weeks ago.