Lending fell after the failure of Silicon Valley Bank and businesses hired fewer people, a Fed survey found, but inflation also "appeared to be...
Lending declined after the failure of Silicon Valley Bank and businesses hired fewer people in the early spring, a Federal Reserve survey found, but inflation “appeared to be slowing” and the economy continued to grow at a modest pace.
The... Lending declined after the failure of Silicon Valley Bank and businesses hired fewer people in the early spring, a Federal Reserve survey found, but inflation “appeared to be slowing” and the economy continued to grow at a modest pace. The dropoff was especially sharp in the San Francisco region where SVB was based. “Lending activity declined substantially,” the Beige Book said.
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