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The Daily Hodl 2023-08-26 20:00:42

$48,810,000,000 in Deposits Exit US Banks in One Week As Money Market Funds Report Massive Inflows

Billions of dollars are flowing out of the traditional banking system as money market funds witness a wave of inflows. According to fresh stats from the Federal Reserve Economic Data (FRED) system, $48.81 billion in deposits exited American bank accounts from August 10th through the 16th. In the last year, a the total amount of The post $48,810,000,000 in Deposits Exit US Banks in One Week As Money Market Funds Report Massive Inflows appeared first on The Daily Hodl .

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