A recent Federal Reserve banking survey found that lending standards for commercial and industrial loans remained largely unchanged during the second quarter. The survey, which was released in early August, reported stronger demand for these types of loans from large and middle-market firms.
Lending Standards and Credit Demand
The update on lending standards and credit demand comes as businesses continue to navigate an economy with persistently high levels of inflation and a stable job market. The Federal Reserve has been considering whether to raise interest rates to bring inflation back down to its target rate of 2%.
According to the survey, banks reported mixed changes in lending standards and weaker demand for residential real estate loans. The Federal Reserve has been monitoring the situation closely, and last week, it held its interest rate target range steady at between 3.5% and 3.75%.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
