As a result of the Fed's rate hike, money market funds reached a record $5.88 trillion, up 24% from a year ago. This surge in funds could potentially provide strong support for the US stock market in 2024, leading to a potential upward trend.
However, with the Fed expected to cut rates several times over the next year, what impact will this have on the market? Let's take a look at today's news decoding.
Why di...