Fed Pause Fuels Market Rebound | Business and Finance News

Money markets surged last week as U.S. equity funds pulled in $2.58 billion—reversing a prior outflow—thanks to calming Fed rate hike fears fueled by softer-than-expected jobs and inflation data. The S&P 500 hit a record high, but tech and financial funds saw major outflows, while bond and money market funds soared with inflows of $9.4 billion and $13.92 billion respectively. Investors are betting the Fed may pause hikes, sparking a comeback in risk assets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/09c13cae8dcd0ff3