The Fed is closely monitoring employment rates and data, especially after Labour Day, amidst pressure from the administration. Wall Street anticipates the FOMC meet, expecting steady rates but keenly watching for commentary on potential September rate cuts.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,