The Financial Post reports in its Tuesday, Dec. 5, edition that money market fund managers see no end in sight to the record inflows they have garnered in 2023, as cash continues to pour in from investors hoping to take advantage of the highest yields available in years. A Financial Times dispatch to the Post reports that almost $1.19-trillion has flooded into U.S. money market funds since Jan. 1, according to flow tracker EPFR, fuelled by the Federal Reserve's aggressive campaign of interest rate rises. Those inflows have persisted even as markets are pricing in bets that the Fed will not raise interest rates again this cycle, and will cut borrowing costs as soon as the spring. Now, major fund houses including Goldman Sachs and Federated Hermes are predicting that the torrent will carry through to 2024, fuelled by institutional investors trying to lock in returns as interest rates stabilize, and before the Fed starts to cut. Goldman Sachs expects institutional investors will join the surge into money market funds in 2024, driving additional inflows. Goldman sees "institutional investors pivoting into funds to achieve [higher returns,] because those funds have some embedded duration in them."