Funding costs are set to rise as a result of the banking crisis and that is poised to further check the US growth as the year progresses.
The US economy, already set to slow because of rising interest rates and the prospect of an earnings downturn, has several new hurdles to clear: funding costs and lending standards, according to Morgan Stanley.
“With greater risk of tighter lending standards among banks, loan growth, job growth, and overall economic activity could decelerate more significantly,” Ms Zentner said. “We see risks that a soft landing turns into a harder one.” “The first data on weekly jobless claims covering the full week since funding pressures emerged will be released on March 23. A clear sustainedAs for the Federal Reserve, Ms Zentner said the latest data point to a 0.25 percentage point lift when policymakers gather as scheduled next week.
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