Money Market Funds, Large CDs, Small CDs, and T-Bills: Americans and their Huge Piles of Interest-Earning Cash

Americans hate, hate, hate inflation. But they like the higher yields on their cash that came with it, and they put a lot of cash to work by yanking it out of their bank checking accounts and near-0% savings accounts and putting it into much higher yielding money market funds and “brokered CDs” that they bought through...