Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. Getty Images via AFP
Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. Getty Images via AFP

Business

Banking

Higher yields attract $756bn investment into cash funds so far this year

Rising interest rates have pushed up the yields available on money market funds

Reuters

May 27, 2023