Feb 6, 2024 - Economy

Fed survey shows signs of credit easing

Data: Federal Reserve Bank of St. Louis; Chart: Axios Visuals
Data: Federal Reserve Bank of St. Louis; Chart: Axios Visuals

The Fed's closely watched survey of senior bank lending officers, out Monday, suggests an improvement in access to credit for businesses.

Why it matters: Credit is the lifeblood of the U.S. economy, and it got much harder to come by after the Fed launched its rate-hiking campaign in 2022.

  • Zoom in: While more respondents to the survey indicated they were tightening credit than easing it, the size of that majority is shrinking — suggesting some bankers are less inclined to cut back on credit than they were before.
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