The Fed’s Senior Loan Officer Survey, released yesterday, shows that while loan standards at large bank were mostly unchanged over the past three months,some banks did lower standards. Auto loan standards were decreased and demand increased.C&I standards were also decreased on increased competition while demand picked up at year-end. [pendulum swinging back?]
Gasoline prices are taking a larger chunk out of consumer pocketbooks than they have at any point since 1983. According to a new report from the EIA, gasoline expenditures accounted for 3.97% of American’s pre-tax income. The average price per gallon of gasoline rose last week to $3.52, according to AAA, and is on the rise higher. [more spent on gas, less for other stuff!]
No comments:
Post a Comment