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Lending Climate in America – 2nd Quarter 2024 Survey

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With inflation continuing to impact the US economy, lenders are focused on the economic impact of elevated interest rates. Lenders’ expectations for the US economy’s performance in the longer term – beyond the next six months – has decreased significantly from the prior quarter. With this pessimistic outlook comes an expectation of an eventual reduction in the federal funds rate, which will facilitate businesses to raise additional capital or enter new markets. 

In the Phoenix Management “Lending Climate in America” survey for Q2 2024, the lenders queried identify which macroeconomic factor concerns them the most, and which actions their customers have planned in the next six to twelve months. The survey also reveals whether lenders’ financial institutions plan to tighten, relax, or maintain their loan structures, how much growth their customers expect in 2024, and which industries are likely to experience the most volatility in the upcoming six months. 

READ THE COMPLETE SURVEY RESULTS HERE: Click here to view

More About Phoenix Management’s Quarterly “Lending Climate in America” Survey

The “Lending Climate in America” survey is administered quarterly to lenders from various commercial banks, private credit funds, finance companies, and factors across the country. Our team of experts collects, tabulates, and analyzes the results to create a complete evaluation of national attitudes and trends.

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This publication is for educational and general information purposes only. It may contain errors and is provided as is. It is not intended as specific advice, legal, or otherwise. Opinions and views are not necessarily those of J.S. Held or its affiliates and it should not be presumed that J.S. Held subscribes to any particular method, interpretation, or analysis merely because it appears in this publication. We disclaim any representation and/or warranty regarding the accuracy, timeliness, quality, or applicability of any of the contents. You should not act, or fail to act, in reliance on this publication and we disclaim all liability in respect to such actions or failure to act. We assume no responsibility for information contained in this publication and disclaim all liability and damages in respect to such information. This publication is not a substitute for competent legal advice. The content herein may be updated or otherwise modified without notice.

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