The Wall Street Journal's "What the Rate Cut Means for You"

Sep 19 07

The Wall Street Journal's "What the Rate Cut Means for You" quotes Crane Data statistics and Pete Crane, saying, "Average yields on money-market mutual funds, which have been hovering at 5% for about a year, are likely to drop to about 4.5% in the next month.... But part of the fall in yields may be counteracted by some managers' moves to buy higher-yielding asset-backed commercial paper. As a result, there may be a benefit to shopping around since money managers can differentiate their funds' performance by investing in the higher-yielding securities."

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