Banks Tighten Credit Terms, See Loan Demand Drop, Fed Survey Shows

Reuters, May 8, 2023–Howard Schneider, Ann Saphir
Credit conditions for U.S. business and households continued tightening in the first months of the year, according to a Federal Reserve survey of bank loan officers, but the results seemed to mark the accumulating impact of Fed monetary tightening rather than the cliff-like decline in credit some feared after the March collapse of Silicon Valley Bank.