A Record $9+ Trillion in cash and CD’s piling up on the sidelines in the U.S.
A record $6.4 Trillion in money market funds and another $2.870 Trillion in Certificates of Deposit (CD) balances reported… Source: https://fred.stlouisfed.org/series/MMMFFAQ027S Certificate of deposit balances at US banks jumped by more than a trillion in 2023, with concentration reaching its highest level in about 10 years amid growing rates in the market. In aggregate, certificate of …
