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In The Spotlight
In The Spotlight
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Credit 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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