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Talk to UsCredit conditions have tightened substantially since the onset of the Fed’s hiking cycle, but further deterioration following recent US bank stress remains subdued. The percentage of US banks reporting tighter C&I lending standards in the Fed’s April Senior Loan Officer Opinion Survey increased only marginally from 45% to 46%. The coast appears far from clear, but a credit-induced growth drag appears to have had a moderate impact thus far.
Source: FRED and Goldman Sachs Asset Management.
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