Graph and download economic data for Money Market Funds; Total Financial Assets, Level (MMMFFAQ027S) from Q4 1945 to Q4 2024 about MMMF, IMA, financial, assets, and USA.

United States - Money Market Funds; Total Financial Assets, Level was 7243180.00000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Money Market Funds; Total Financial Assets, Level reached a record high of 7243180.00000 in October of 2024 and a record low of 0.00000 in October of 1946. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Money Market Funds; Total Financial Assets, Level - last updated from the United States Federal Reserve on March of 2025.

Historical dataset of the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate.

Thailand TH: Money Market Rate data was reported at 1.451 % pa in 2017. This stayed constant from the previous number of 1.451 % pa for 2016. Thailand TH: Money Market Rate data is updated yearly, averaging 2.795 % pa from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 15.693 % pa in 1997 and a record low of 1.205 % pa in 2009. Thailand TH: Money Market Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Thailand – Table TH.IMF.IFS: Money Market and Policy Rates: Annual.

Czech Republic - Day-to-day money market interest rates was 3.80% in February of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Czech Republic - Day-to-day money market interest rates - last updated from the EUROSTAT on March of 2025. Historically, Czech Republic - Day-to-day money market interest rates reached a record high of 7.00% in November of 2023 and a record low of 0.70% in August of 2021.

This table contains 39 series, with data for starting from 1991 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Financial market statistics (39 items: Government of Canada Treasury Bills, 1-month (composite rates); Government of Canada Treasury Bills, 2-month (composite rates); Government of Canada Treasury Bills, 3-month (composite rates);Government of Canada Treasury Bills, 6-month (composite rates); ...).

Graph and download economic data for Retail Money Market Funds (RMFSL) from Jan 1973 to Feb 2025 about MMMF, retail, and USA.

United States - Money Market Funds; Total Financial Assets, Transactions was 1369196.00000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Money Market Funds; Total Financial Assets, Transactions reached a record high of 3196035.00000 in January of 2020 and a record low of -1167881.00000 in July of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Money Market Funds; Total Financial Assets, Transactions - last updated from the United States Federal Reserve on March of 2025.

Dominican Republic DO: Money Market Rate data was reported at 6.502 % pa in 2017. This records an increase from the previous number of 6.052 % pa for 2016. Dominican Republic DO: Money Market Rate data is updated yearly, averaging 11.418 % pa from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 36.762 % pa in 2004 and a record low of 5.902 % pa in 2015. Dominican Republic DO: Money Market Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Dominican Republic – Table DO.IMF.IFS: Money Market and Policy Rates: Annual.

Since 2000, the financial assets of the money market mutual funds in the United States grew steadily. In 2023, the financial assets of the money market mutual funds exceeded 6.3 trillion U.S. dollars, a significant increase of 20 percent compared to the previous year.

Brazil BR: Money Market Rate data was reported at 10.839 % pa in 2024. This records a decrease from the previous number of 13.200 % pa for 2023. Brazil BR: Money Market Rate data is updated yearly, averaging 20.000 % pa from Dec 1964 (Median) to 2024, with 61 observations. The data reached an all-time high of 15,778.567 % pa in 1990 and a record low of 2.789 % pa in 2020. Brazil BR: Money Market Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Brazil – Table BR.IMF.IFS: Money Market and Policy Rates: Annual.

Graph and download economic data for Money Market Funds; Total Financial Assets, Excluding Nonpublic Private Placements (ICI), Transactions (BOGZ1FA634090073Q) from Q4 1946 to Q3 2024 about MMMF, transactions, financial, assets, private, and USA.

From January 2020 through January 2025, the value of money market funds under management in the United Kingdom (UK) remained relatively stable aside from one notable spike in value in October 2022, by January 2023, however, the spike had subsided, and fund levels had fallen below 50 million British pounds.

How are money market yields linked to inflation? The money market yields are influenced by inflation expectations. When inflation expectations rise, investors typically demand higher nominal yields to offset the anticipated decline in purchasing power. Market sentiment regarding inflation is reflected in these yields, which act as indicators for both investors and policymakers. The inflation rate for the Consumer Price Index (CPI) in the United Kingdom went from under one percent in March 2021 to a high of 11.1 percent in October 2022. Although inflation declined to 3.9 percent in October 2023, it remained well above the levels seen before 2021. Consequently, a significant increase in money market yields was observed. Beginning in 2022, the monthly average yields from the British government bonds continued to rise until they reached their peak in mid-2023, indicating higher inflation expectations.

What is LIBOR? The London Interbank Offered Rate, or LIBOR, is a benchmark interest rate that reflects the average interest rate at which major global banks lend to each other in the interbank market. It is used to establish interest rates for financial instruments such as adjustable-rate mortgages, business loans, and derivatives. The six-month overnight London Interbank Offered Rate based on the British pound increased month by month from 2022 onwards, reaching its peak in March 2023 at 4.74 percent. This increase in borrowing costs has a ripple effect throughout the financial system, which means higher interest rates for businesses and consumers overall.

The U.S. federal funds rate peaked in 2023 at its highest level since the 2007-08 financial crisis, reaching 5.33 percent by December 2023. A significant shift in monetary policy occurred in the second half of 2024, with the Federal Reserve implementing regular rate cuts. By December 2024, the rate had declined to 4.48 percent. What is a central bank rate? The federal funds rate determines the cost of overnight borrowing between banks, allowing them to maintain necessary cash reserves and ensure financial system liquidity. When this rate rises, banks become more inclined to hold rather than lend money, reducing the money supply. While this decreased lending slows economic activity, it helps control inflation by limiting the circulation of money in the economy. Historic perspective The federal funds rate historically follows cyclical patterns, falling during recessions and gradually rising during economic recoveries. Some central banks, notably the European Central Bank, went beyond traditional monetary policy by implementing both aggressive asset purchases and negative interest rates.

Jamaica JM: Money Market Rate data was reported at 3.000 % pa in 2017. This stayed constant from the previous number of 3.000 % pa for 2016. Jamaica JM: Money Market Rate data is updated yearly, averaging 9.204 % pa from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 25.532 % pa in 2003 and a record low of 3.000 % pa in 2017. Jamaica JM: Money Market Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Jamaica – Table JM.IMF.IFS: Money Market and Policy Rates: Annual.

As of October 16, 2024, the yield for a ten-year U.S. government bond was 4.04 percent, while the yield for a two-year bond was 3.96 percent. This represents an inverted yield curve, whereby bonds of longer maturities provide a lower yield, reflecting investors' expectations for a decline in long-term interest rates. Hence, making long-term debt holders open to more risk under the uncertainty around the condition of financial markets in the future. That markets are uncertain can be seen by considering both the short-term fluctuations, and the long-term downward trend, of the yields of U.S. government bonds from 2006 to 2021, before the treasury yield curve increased again significantly in 2022 and 2023. What are government bonds? Government bonds, otherwise called ‘sovereign’ or ‘treasury’ bonds, are financial instruments used by governments to raise money for government spending. Investors give the government a certain amount of money (the ‘face value’), to be repaid at a specified time in the future (the ‘maturity date’). In addition, the government makes regular periodic interest payments (called ‘coupon payments’). Once initially issued, government bonds are tradable on financial markets, meaning their value can fluctuate over time (even though the underlying face value and coupon payments remain the same). Investors are attracted to government bonds as, provided the country in question has a stable economy and political system, they are a very safe investment. Accordingly, in periods of economic turmoil, investors may be willing to accept a negative overall return in order to have a safe haven for their money. For example, once the market value is compared to the total received from remaining interest payments and the face value, investors have been willing to accept a negative return on two-year German government bonds between 2014 and 2021. Conversely, if the underlying economy and political structures are weak, investors demand a higher return to compensate for the higher risk they take on. Consequently, the return on bonds in emerging markets like Brazil are consistently higher than that of the United States (and other developed economies). Inverted yield curves When investors are worried about the financial future, it can lead to what is called an ‘inverted yield curve’. An inverted yield curve is where investors pay more for short term bonds than long term, indicating they do not have confidence in long-term financial conditions. Historically, the yield curve has historically inverted before each of the last five U.S. recessions. The last U.S. yield curve inversion occurred at several brief points in 2019 – a trend which continued until the Federal Reserve cut interest rates several times over that year. However, the ultimate trigger for the next recession was the unpredicted, exogenous shock of the global coronavirus (COVID-19) pandemic, showing how such informal indicators may be grounded just as much in coincidence as causation.

Since its introduction in October 2019, the Euro Short-Term Rate (€STR) has remained constant at between -0.51 and -0.59 percent until the second half 2022. Since then, it increased, peaking at 3.9 between the end of 2023 and the beginning of 2024. As of January 2025, the rate stood at 2.92 percent. The €STR is an interest rate benchmark designed to replace the Euro OverNight Index Average (EOIA), adopting a different calculation methodology that returns significantly lower rates. It is intended that the EOIA will be discontinued from January 3, 2022. How is the Euro Short-Term Rate calculated? The €STR uses transaction data included in daily reporting on monetary exchanges from the 52 largest eurozone banks to calculate the average interests rate attached to loans throughout a business day. Only unsecured loans are included, as the rate on secured loans would be affected by the type of underlying collateral. Several key respects distinguish the €STR from alternative benchmarks like the EOIA, and the London Intrabank Offered Rate (LIBOR). First, the €STR is based on transaction data alone, whereas the LIBOR asking major banks directly what rate they would charge other banks for short terms loans. The second main difference is that, by considering money market transactions rather than only intrabank lending (like the EOIA and LIBOR), the €STR incorporates the role of other major actors like money market funds, insurance companies, and other financial corporations. Difference between €STR and EURIBOR The Euro Interbank Offered Rate (EURIBOR) is the other main reference interest rate governing eurozone lending. The EURIBOR differs from €STR though as it is based on a survey of the interest rates a panel of major banks would offer other major banks for interbank term deposits. There are therefore different reference rates published for different maturities, for example the EURIBOR one month rate, the EURIBOR six month rate, and the EURIBOR 12 month rate. In contrast, the €STR is intended to track the cost of overnight borrowing.

Tunisia Money Market Rate: Maximum data was reported at 7.490 % pa in Sep 2018. This records an increase from the previous number of 7.290 % pa for Aug 2018. Tunisia Money Market Rate: Maximum data is updated monthly, averaging 4.960 % pa from Jun 2003 (Median) to Sep 2018, with 184 observations. The data reached an all-time high of 7.490 % pa in Sep 2018 and a record low of 3.660 % pa in Nov 2011. Tunisia Money Market Rate: Maximum data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Tunisia – Table TN.M002: Money Market Rates.

The U.S. federal funds effective rate underwent a dramatic reduction in early 2020 in response to the COVID-19 pandemic. The rate plummeted from 1.58 percent in February 2020 to 0.65 percent in March, and further decreased to 0.05 percent in April. This sharp reduction, accompanied by the Federal Reserve's quantitative easing program, was implemented to stabilize the economy during the global health crisis. After maintaining historically low rates for nearly two years, the Federal Reserve began a series of rate hikes in early 2022, with the rate moving from 0.33 percent in April 2022 to 5.33 percent in August 2023. The rate remained unchanged for over a year, before the Federal Reserve initiated its first rate cut in nearly three years in September 2024, bringing the rate to 5.13 percent. By December 2024, the rate was cut to 4.48 percent, signaling a shift in monetary policy in the second half of 2024. The first rate cut in 2025 then set the rate at 4.33 percent. What is the federal funds effective rate? The U.S. federal funds effective rate determines the interest rate paid by depository institutions, such as banks and credit unions, that lend reserve balances to other depository institutions overnight. Changing the effective rate in times of crisis is a common way to stimulate the economy, as it has a significant impact on the whole economy, such as economic growth, employment, and inflation. Central bank policy rates The adjustment of interest rates in response to the COVID-19 pandemic was a coordinated global effort. In early 2020, central banks worldwide implemented aggressive monetary easing policies to combat the economic crisis. The U.S. Federal Reserve's dramatic reduction of its federal funds rate - from 1.58 percent in February 2020 to 0.05 percent by April - mirrored similar actions taken by central banks globally. While these low rates remained in place throughout 2021, mounting inflationary pressures led to a synchronized tightening cycle beginning in 2022, with central banks pushing rates to multi-year highs. By mid-2024, as inflation moderated across major economies, central banks began implementing their first rate cuts in several years, with the U.S. Federal Reserve, Bank of England, and European Central Bank all easing monetary policy.

In December 2024, the yield on a 10-year U.S. Treasury note was 4.39 percent, forecasted to decrease to reach 3.27 percent by August 2025. Treasury securities are debt instruments used by the government to finance the national debt. Who owns treasury notes? Because the U.S. treasury notes are generally assumed to be a risk-free investment, they are often used by large financial institutions as collateral. Because of this, billions of dollars in treasury securities are traded daily. Other countries also hold U.S. treasury securities, as do U.S. households. Investors and institutions accept the relatively low interest rate because the U.S. Treasury guarantees the investment. Looking into the future Because these notes are so commonly traded, their interest rate also serves as a signal about the market’s expectations of future growth. When markets expect the economy to grow, forecasts for treasury notes will reflect that in a higher interest rate. In fact, one harbinger of recession is an inverted yield curve, when the return on 3-month treasury bills is higher than the ten year rate. While this does not always lead to a recession, it certainly signals pessimism from financial markets.