Nithin Kamath warned that surging Margin Trading Facility (MTF) exposure, fueled by aggressive leveraged bets in illiquid mid and small-cap stocks, poses a major systemic risk. He fears sharp market corrections could leave brokers unable to liquidate collateral, leading to significant bad debt.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend