1Q2024 US banks report weaker loan demand due to tightened credit standards amid regional bank failures and Fed's rate hike.
US banks reported weaker loan demand in Q1 2024, with a rise in tightened credit standards for commercial and industrial loans, according to the Federal Reserve's Senior Loan Officer Opinion Survey. This marks the third consecutive quarter of stricter standards, following regional bank failures. High borrowing costs from the Fed's rate hike have impacted businesses and households, leading to reduced credit demand.
May 06, 2024
4 Articles