Lending standards for business loans tightened during the third quarter of 2023, with weaker demand for commercial and industrial loans to firms of all sizes, according to the Federal Reserve’s senior loan officer opinion survey.
The banking sector has stabilized since bank failures earlier this year, but the vulnerabilities at certain nonbank financial institutions could play “a key role” in amplifying stress associated with tightening financial conditions and slowing economic activity, Federal Reserve Governor Lisa Cook said.
The ISM Services Index decreased 1.8 percentage points (pp) to 51.8% in October—the tenth consecutive…
Total nonfarm payroll employment increased by 150,000 in October, and the unemployment rate changed little…
We should think twice about creating a regulatory framework that drives business away from the brightly lit world of highly regulated banks and into the shadows of private credit.
New orders for manufactured goods increased 2.8% to $601.5 billion in September, according to the…
The Federal Open Market Committee today announced it would maintain the target range for the…
The U.S. manufacturing sector contracted in October, Manufacturing PMI® registered 46.7%, 2.3 percentage points (pp)…
Construction spending during September 2023 was estimated at a seasonally adjusted annual rate of $1,996.5…
The Federal Open Market Committee announced that it would once again hold the federal funds rate at its current level, leaving the target range unchanged at 5.25% to 5.5%.