Money Fund Assets Scale New Peak Amid $100 Billion Month

US money market funds took in another $25 billion in the week to August 21, data released late Thursday showed. This week's haul was the third consecutive, and pushed total AUM to yet another record high near $6.25 trillion. Money funds have seen more than $100 billion of inflows in August alone amid volatility in rates and equities, and ahead of an expected Fed cut at the September FOMC meeting. For 2024, the YTD inflow now stands at $355.4 billion. Inflows since the beginning of 2023 now