Federal Reserve Survey Reveals Tightening Lending Standards by US Banks
1 year, 7 months ago

Federal Reserve Survey Reveals Tightening Lending Standards by US Banks

News 18  

US banks tightened lending standards in the first few months this year, and expect this to continue over the rest of 2023, said a Federal Reserve survey released on Monday. Asked about their outlook for lending standards over the rest of 2023, “banks reported expecting to tighten standards across all loan categories,” the Fed said on Monday. With banks tightening lending standards, there could be less credit flow to households and businesses — with ripple effects on spending and the broader economy. It was “hardly surprising” that many banks tightened lending standards across a range of loans in the first three months this year, said Michael Pearce of Oxford Economics in a note.

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Banks report tougher credit standards in wake of failures
1 year, 7 months ago

Banks report tougher credit standards in wake of failures

Associated Press  

WASHINGTON — A Federal Reserve report Monday showed that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures and expect to lift them more this year, a trend that could slow the economy in coming months and increases the risk of a recession. The report, known as the senior loan officers …

Takeaways from the Federal Reserve meeting
1 year, 7 months ago

Takeaways from the Federal Reserve meeting

CNN  

Minneapolis CNN — The Federal Reserve on Wednesday announced its 10th-straight interest rate hike, raising its benchmark rate by another quarter of a point and hinting at a pause as soon as next month. The Fed omitted the following phrase from its March statement: “The committee anticipates that some additional policy firming may be appropriate in order to attain a …

US Federal Reserve raises key interest rate by half a percentage point, its biggest hike since 2000
2 years, 7 months ago

US Federal Reserve raises key interest rate by half a percentage point, its biggest hike since 2000

India TV News  

Highlights The Federal Reserve intensified its fight against the worst inflation in 40 years. The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come. The increase in the Fed’s …

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