The US Federal Reserve is expected to maintain the federal funds rate unchanged at the conclusion of its monetary policy meeting. Investors are focused on the Fed’s stance on quantitative tightening and its guidance on rate cuts in 2024. Recent economic data showed strength in the US economy, but the battle against inflation continues.
FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors
FCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challenges could pressure margins. While ICICI Bank