Search
 

Help Your Clients Fight "The War on Cash"

On December 16, 2008, the Federal Reserve moved the U.S. economy to a zero interest rate policy (ZIRP) by reducing the target federal fund rate ...

By Staff Writer | Updated on May 01, 2010

On December 16, 2008, the Federal Reserve moved the U.S. economy to a zero interest rate policy (ZIRP) by reducing the target federal fund rate to a range of zero to 0.25%. Three weeks later, U.S. money market mutual funds achieved an all-time high level of assets – $3.92 trillion, according to the Investment Company Institute (ICI).

Since the start of the ZIRP era, which shows no signs of ending soon, U.S. money market fund assets have declined by $1.05 trillion through 4/28/10. If the current trend continues, another $800 billion will disappear from money market funds from now through the end of this year.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO Broker Expo 2025 (BPRO)Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.