Leave it to the politicians to lower our incomes.
Average yields on money funds are currently 0.06%, compared with 2.76% in March 2008, according to research firm Crane Data LLC.
Blame it in part on the Federal Reserve’s rate cuts in 2007 and 2008, along with recent regulations mandated by the Securities and Exchange Commission to bolster the safety of money funds.
Here. Interest rate manipulations by the Fed and more regulations. Who’d a thunk it?