New Delhi [India], September 18 (ANI): A new report by Moody's ratings says the likely rate cut by Fed will be favourable for most of the US banks in the long run.
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs to reprice downward more slowly than their loan yields, constraining net interest income, which is most banks' largest revenue source." Said the reportIt adds in
