Banker to State Governments The financial transactions of the State Governments are carried out at a number of offices, including those of the RBI SBI, nationalised banks, Treasuries, etc.
Casual observation confirms that market participants do pay close attention to FOMC statements and that these statements often move markets. But have FOMC statements had the effects that were intended? And how important have these effects been, relative to the impact of the rate-setting decision itself?