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Investors Rush To Money Market Funds Before Fed Rate Cut, BofA Says
Investors poured $37 billion into cash-like money market funds (MMFs) Bank of America (BAC) said on Friday, as they braced for rate cuts in September.
Fund Beats 99% Of Peers With Outsized Ukraine Bond Returns
A fund focused on buying junk bonds has crushed just about all of its competitors by loading up on debt from corporations in Ukraine.
El-Erian Says Market Is Pricing In Too Many Fed Rate Cuts
Traders are overplaying the prospects of an aggressive series of Fed interest-rate cuts before the end of the year, according to Mohamed El-Erian.
Jackson Hole: Policy Pivot Is Here
Fed Chairman Jerome Powell will take the stage at the bank's annual retreat in Jackson Hole Friday with renewed confidence that inflation is receding.