Money Market Funds Hit Record High

Money Market Funds Hit Record High 🚨

Money Market Funds hit an all-time high of $6.15 Trillion pic.twitter.com/ThISOru1D9

— Barchart (@Barchart) July 8, 2024

Money Market Funds have surged to an impressive all-time high of $6.15 trillion. These funds are a type of short-term investment that typically invest in low-risk, highly liquid assets, such as Treasury bills, commercial paper, and certificates of deposit. Investors turn to Money Market Funds for stability and liquidity, especially during uncertain economic times or when seeking an alternative to traditional savings accounts.