Fed's rate cuts to trigger a $2 trillion exodus from money-market funds, where will the money go? Here's what Apollo's Torsten Slok says

US Fed rate cuts were implemented a couple of weeks ago, and that helped put recession fears at bay. However, the rate cuts have the potential of triggering a multi-trillion dollar exodus at the money market. says an Apollo chief economist. But, where will all of this money go?

from News-Economic Times https://ift.tt/c9eL50l