Thursday, February 25, 2021

Tag: It’s Time to Pay Attention to Commercial & Industrial Loans

It’s Time to Pay Attention to Commercial & Industrial Loans

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by Wolf Richter, Wolf Street:

This solid recession indicator is starting to concern me again.

Commercial and industrial loans (C&I loans) at all commercial banks fell to $2.33 trillion as of January 1, the lowest since March 2019, according to Federal Reserve data on commercial banks, released on Friday. C&I loans peaked in August last year at $2.38 trillion and have since fallen 1.7%. This has occurred despite three rate cuts by the Fed over the period.