U.S. Money Market Funds Reach Record $8.281 Trillion Amid Fed Uncertainty

Investors have increased the total size of U.S. money market funds to a record $8.281 trillion due to uncertainty surrounding the Federal Reserve's monetary policy. According to Odaily, Crane Data's latest figures show that approximately $66 billion flowed into the money market fund industry in the week ending May 28. Of this, around $41 billion was added on Thursday as investors adjusted their portfolios before the month's end. Since the beginning of the year, money market funds have attracted about $172 billion.