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SLOOS Release Ahead - 1400ET

US
  • The July SLOOS covering bank lending activity over Q2 is released at 1400ET.
  • The April release showed a further tightening in lending standards on net along with weaker demand for both C&I and CRE loans.
  • Recall that Fed Chair Powell provided a preview of today’s report at last week’s FOMC press conference, noting "I would just say it's broadly consistent with what you would expect. You've got lending conditions tight and getting a little tighter. You've got weak demand. And you know, it gives a picture of pretty tight credit conditions in the economy.”
  • “I think it's really hard to tease out whether, how much of that is from this source or that source, but I think what matters is the overall picture is of tight and tightening lending conditions."

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