After Fed rate cut, here's what UBS says to do with your cash

The recent rate cut from the Federal Reserve will likely not be the last this year, which means investors need to start assessing their cash allocations, according to UBS. There is $7.3 trillion in cash sitting in money market funds, close to a record, according to the Investment Company Institute . But the solid rates people have been enjoying in money markets and other cash-equivalent investments will resume their decline now that the Fed is easing policy again. The annualized seven-day yield on the Crane 100 list of the 100 largest taxable money funds was 4.09%, as of Thursday. In addition to lowering the federal funds rate by 25 basis points, or 0.25 percentage point, the Fed on Wednesday telegraphed the potential for two more rate cuts this year and another in 2026. If there labor mar