US Stocks See Substantial Outflows Before Fed Meeting
By
Gustavo Rodriguez
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
In the lead-up to the Federal Reserve's policy meeting, US stocks experienced significant outflows despite the S&P 500 Index reaching fresh all-time highs. According to Bank of America Corp., US equity funds saw redemptions of approximately $22 billion, marking the largest outflows since December 2022, as cited by EPFR Global data. This occurred alongside a 1.2% advance in the S&P 500 over the same period, with market momentum increasing following indications that the Fed was likely to implement three rate cuts this year.