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The $6.75 Trillion Question
It's been a helluva year for money market funds.
With just just seven business days left on the calendar, US MMFs have seen $865 billion of inflows for 2024, not quite the $1.15 trillion tsunami witnessed in 2023, but an impressive haul all the same.
That YTD figure includes an outflow during the week to December 18. ICI data released late Thursday showed $19.61 billion of redemptions in the reporting period leading into the December FOMC meeting.
As the figure reminds you, outflows were fe
