WALL STREET HOPES RATE CUTS WILL FORCE CLIENTS OUT OF CASH IN 2025
https://media.zenfs.com/en/reuters-finance.com/267cb59aeb68ad99493711e69b8c76f4
✍️ Wall Street executives expect a $7-trillion cash pile to start melting next year as easier monetary policy tempts clients out of ultra-conservative asset class.
👉 Wall Street executives expect a $7-trillion cash pile to start melting next year 👉 Easier monetary policy tempts clients out of ultra-conservative asset class 👉 Cash in money markets rose by about $824 billion this year 👉 Proponents of the asset class earn rates of around 4% with comparatively little risk 👉 Sitting on the sidelines has come at a cost: stocks and bonds have risen significantly
-- #RobGoldstein #KateEl-Hillow #MeghanGraper #NewYork #business
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