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.
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