Home › News

Banks are turning cautious on lending, according to the Fed. What it means for the economy

Image: CNBC

U.S. banks are starting to tighten their lending standards amid growing concern over the underlying health of the economy, according to a new Federal Reserve survey.

The Fed's latest Senior Loan Officer Opinion Survey on Bank Lending Practices for October, published Nov. 2, showed an uneven credit backdrop in the third quarter, with smaller businesses, riskier households and commercial property in particular facing a lending squeeze.

The latest quarterly SLOOS study for October — which pulled together responses from 61 domestic banks and 18 U.S. branches of foreign lenders — covered changes in lending standards, terms and demand during the third quarter.

Continue reading at CNBC

This page shows only an excerpt. The full story is published by CNBC.

More news View More

Barkin sees interest rate hikes ahead, but at a gradual pace

CNBC · 18m ago

Peternak Jawa Timur Mengeluh Harga Ayam Terjun ke Rp 17 Ribu per Kg

Liputan6 · 26m ago

Democratic sweep puts crypto on defensive in Washington

CNBC · 30m ago

BRI Gaet 39 Ribu Nasabah Lewat Program Debit Barcelona

CNN Indonesia · 56m ago

Menyapa Pagi Lewat Sepiring Rebusan Murah Pengganjal Perut

Liputan6 · 56m ago

Dua Bulan Lagi, 25 Juta Warga Bakal Dapat Rekening Bank Gratis

Liputan6 · 1h ago

Menko Airlangga Buka-Bukaan Soal Penyesuaian PTKP

Liputan6 · 1h ago

Chinese AI lab Moonshot turned to Europe for Nvidia Blackwell access amid U.S. China curbs, sources tell CNBC

CNBC · 1h ago