Fed Rate Cuts to Spur $2 Trillion Money-Fund Exit, Apollo's Slok Says

By Yahoo! Finance   |   1 year ago
Fed Rate Cuts to Spur $2 Trillion Money-Fund Exit, Apollo's Slok Says

As the Federal Reserve continues to lower interest rates, Apollo Global Management's chief economist predicts a shift from money-market funds to higher-yielding assets like credit. Despite record inflows, investors are expected to move their cash to seek better returns.

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