Is a Financial Slowdown Coming in Early 2024? A Closer Look at Bank Deposits

• 11 June 2023
• Gleb
• Banking, Macroeconomics

Money is being taken out of bank deposit accounts at an alarming rate. Since March 2022, when the Federal Reserve increased rates (a move called a “hike”), about $1.4 trillion has been withdrawn. But where is all this money going? Nearly $900 billion has been moved to Money Market Funds and about $500 billion has...