Fed's Daly Says Community Banks Are Tightening More Than Big And Regional Banks, But Hard To Know How Much More
Portfolio Pulse from Happy Mohamed
Federal Reserve's Mary Daly has stated that community banks are tightening their lending standards more than big and regional banks, although it's difficult to quantify the extent of this tightening. The news was reported by Reuters.
July 10, 2023 | 3:51 pm
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The tightening of lending standards by community banks, as reported by Fed's Daly, may impact the broader market, represented by SPY, as it could lead to reduced liquidity and potentially slower economic growth.
Community banks play a crucial role in providing credit to small businesses and individuals. Tightening of lending standards could lead to reduced liquidity in the market, potentially slowing economic growth. This could negatively impact the broader market, represented by SPY.
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