Money market funds and equities saw almost similar inflows, BofA's latest fund flow statistics showed on Friday, in a puzzling investment trend amid rising concerns over a dialling back of stimulus by central banks.
The Federal Reserve's response to the COVID crisis, which included tried and true tools as well as novel ones, helped offset the unprecedented blow to the U.S. economy last year and will continue to bolster it this year, a top U.S. central banker said Thursday.