US bank lending posts two consecutive monthly falls for the first time in over 5 years
US bank lending numbers are doing too well right now. On Friday the Fed released the latest numbers and loans & leases in bank credits fell 0.9% annualised. The blame is being laid at the feet of Trump uncertainty and the possibility of further Fed hikes making borrowing more expensive.
Are US firms are still not willing to risk it for Trump, or do they fear the Fed?
