How will the market landscape be reshaped by the Fed's interest rate cut with 7.6 trillion funds waiting in the wings?

According to the Chinese financial app Zhitong Finance, as the Federal Reserve's first rate cut in a year approaches, Wall Street's focus is shifting from inflationary pressure to a much larger potential market force - the approximately $7.6 trillion in money market fund assets. According to data from Crane Data, this record-breaking fund size has benefited from high yields brought about by the Fed's rate hikes over the past year, but is now facing pressure for lower returns as the rate-cutting cycle begins.