<p>Bank of America strategists Katie Craig and Mark Cabana stated that despite the 50 basis point rate cut by the Federal Reserve in September, assets under management (AUM) in money market funds are expected to continue growing.
Driven by retail fund inflows, AUM has increased by $640 billion year-to-date in 2024, with an increase of approximately $20 billion this quarter</p>

<p>Bank of America strategists Katie Craig and Mark Cabana pointed out that despite the Federal Reserve cutting rates by 50 basis points in September, the assets under management (AUM) of money market funds will continue to grow. As of 2024, driven by retail fund inflows, AUM has increased by $640 billion, with an additional $20 billion added this quarter</p>

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