Senior Loan Officer survey was a positive indication for US economy

Quarterly Fed’s Senior Loan Office Survey gave a positive picture for the US economy. Indeed credit standards remained unchanged compared to 3 months ago. As indicated by the following chart, both the 2000 and 2008 recessions were anticipated by a tightening of credit standard by commercial banks. The SLO survey confirm the positive indication recently come from business confidence indices and strengthen the possibilities that the Fed will hike rates by 25bp in December.

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