Market Views: Where will $6.2tn money market assets move as rates fall?

A record $6.2 trillion cash pile in US money market funds is having an outsized impact on global markets. This unprecedented accumulation of funds serves as a 'canary in the coal mine', potentially signalling upcoming market shifts. In the first half of August, over $80 billion flooded into US money market funds – mostly from institutional investors, as the market braced for the Federal Reserve to start cutting interest rates from September. According to data from the Investment…