Fewer Banks Tightening Lending Standards, Raising Hopes
Fewer banks tightened lending standards as 2023 came to a close, a hopeful sign for businesses that broader loan access is on the horizon.
Bank Economists Grow More Optimistic on Credit Conditions in Q1
While credit conditions are still expected to weaken compared to their strong position in the last few years, bank economists have come to view the situation with more optimism due to better economic growth.
ABA: Bank Economists Expect Credit Quality, Availability to Weaken
Bank economists see both credit quality and credit availability weakening over the fourth quarter of this year and the first quarter of 2023 as consumers and businesses find it hard to keep up with the current market conditions.
