U.S. commercial and industrial loans fell by $1 billion to $2.75 trillion in the week ended July 19, the Federal Reserve said Friday.
The numbers: U.S. commercial and industrial loans — a key driver economic driver — fell by $1 billion to $2.75 trillion in the week ended July 19, the Federal Reserve said Friday. This is the second straight weekly decline.
Key details: Lending... The numbers: U.S. commercial and industrial loans — a key driver economic driver — fell by $1 billion to $2.75 trillion in the week ended July 19, the Federal Reserve said Friday. This is the second straight weekly decline. Total bank deposits rose by $47.1 billion to $17.3 trillion in the same week. Deposits peaked at $18. 21 billion in mid-April.
Federal Reserve Chairman Jerome Powell has said the economy is facing headwinds from tighter credit conditions on households and businesses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Reserve Gives Up Predicting A RecessionEconomic forecasters increasingly see a soft landing for the economy, a win for President Joe Biden.
Read more »
Recession not in the latest Fed staff forecast: Federal Reserve ChairFederal Reserve Chair Jerome Powell told reporters that, 'given the resilience of the economy recently,' the Fed staff no longer forecasts a recession for the U.S.
Read more »
Federal Reserve Raises Rates Again By 0.25%, Bitcoin Trades FlatThe Federal Reserve has raised the rates again by 0.25%. Bitcoin ( $BTC ) is trading flat. Read more here -
Read more »
Federal Reserve raises interest rates to highest since 2001The Federal Reserve raised interest rates Wednesday to a range of 5.25%-5.50%, putting the fed funds rate at its highest level since March 2001.
Read more »
How brides and grooms are impacted by the latest Federal Reserve interest rate hikeThe average cost of a wedding hit $29,000 in 2023, forcing many couples to trim their guest list.
Read more »
Federal Reserve raises its key rate for 11th time to highest level in 22 yearsSome Fed officials have said they worry that the still-brisk pace of job growth will lead workers to demand higher pay to make up for two years of...
Read more »