U.S. Outlook: Bank lending makes a comeback
With great happiness I can say that the latest signs show banks are becoming more eager to lend to consumers and businesses.
For more on the latest economic developments to watch, see higlighhts of my weekly economic analysis below, followed by a link to the full U.S. Outlook report, delivered on May 9, 2014.Key observations:
- Banks say outlook for prime and sub-prime credit card loan growth is better than last year.
- March consumer credit jump was the biggest monthly increase since February 2013.
- Credit demand is growing for commercial and industrial, commercial real estate, auto and credit card loans.
- Tighter mortgage standards and weaker demand may be temporary.