Companies look for returns on cash piles as interest rates rise

REUTERSPremium
REUTERS
 wsj 5 min read . Updated: 27 Jul 2022, 05:41 PM IST NINA TRENTMANN, The Wall Street Journal

As U.S. interest rates go up, money-market funds have been quicker to adjust than bank accounts, giving companies an incentive to shift their cash into those funds for higher returns.

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