Survey shows credit standards continue to tighten 🤔
In terms of economic data, the October Senior Loan Officers Survey (SLOOS) showed that credit standards continued to tighten and demand for commercial and industrial loans was weak. Banks continued to tighten lending standards and lower risk tolerances citing the worsening economic outlook, but the situation was relatively weak. There has been a slight improvement from the worst levels seen at the start of the year; easing financial conditions should help free up some liquidity in the coming quarters, supporting continued confidence in a soft landing.
