The Fed is propping up money market funds. Here’s what that means for investors

If you have cash parked in a money market fund that invests in non-U.S. Treasury debt, the Federal Reserve says it’s got your back.

Late Wednesday, the Fed announced a new programthat will make loans to financial institutions that buy shares in “prime” money market mutual funds, whose investments include corporate bonds. It’s the latest move by the Fed to prop up the U.S. financial system as…

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