Money market mutual funds - Deepstash

Money market mutual funds

Money market mutual funds

Money market mutual funds

Money market mutual funds are convenient for individual investors and big institutions to keep money temporarily. However, their yields have been very low for years.

The Federal Reserve has begun to increase the short-term interest rate it controls, and money market fund yields available to consumers have started to rise. They will climb as long as the Fed increases short-term rates.

But the yield on the average big money market funds is still only roughly 0.6 percent. Considering the rate of inflation running at 8.6 percent annual rate in May 2022, that is a negative rate of return. 

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