Investment advisers are urging clients to dump hefty cash allocations now that the Federal Reserve has begun its much-anticipated interest-rate easing, a process they expect to limit the appeal of money-market funds in the coming months.

As the U.S. Federal Reserve begins its much-anticipated rate-easing cycle on Wednesday, interest-rate cuts in the months ahead may be shallower than the market expects. “My sense is that what markets currently expect from the Fed regarding lower interest rates goes beyond what most Fed officials and economists are comfortable with,

As Chairman Powell's message that 'the time has come' to drop rates resonates, a poll of economists suggests three cuts for 2024.