NY FED’S WILLIAMS: THERE ARE NO CLEAR SIGNS OF CREDIT TIGHTENING
by Chris Black Here’s what the Fed’s own data says: Dallas Fed Banking Conditions Survey (BCS) (https://www.dallasfed.org/research/surveys/bcs/2023/bcs2302): “Credit standards and terms continued to tighten sharply, and marked rises in loan pricing were also noted over the reporting period. Banking outlooks continued to deteriorate, with contacts expecting a contraction in loan demand and business activity and … Read more