Fed Says Tight Credit Standards, Weak Demand Persist at US Banks
www.bloomberg.com/news/articles/2023-11-06/fed-says-tight-credit-standards-weak-demand-persist-at-us-banks
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The collapse of four US regional banks earlier this year sparked turmoil in the financial sector and increased concerns that lenders would rein in access to credit in a way that could tip the US economy into a recession.
“The report showed one potential source of economic resilience waning: Consumer demand for credit and smaller firms’ demand for commercial and industrial loans continued deteriorating as interest rates rose throughout the third quarter
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