Accessing credit has become harder, Fed's Beige Book shows | CNN Business

released Wednesday. Overall economic activity held steady in recent weeks, with nine of the central bank’s 12 regional districts reporting no change, or slight growth; and three others reporting modest gains. The report captures the effects of last month’s banking turbulence on businesses and banks themselves.

Banking crisis fallout Several small and midsize banks in the New York Fed’s district reported “widespread declines in loan demand across all loan segments.” Several bankers in the Cleveland Fed’s district said that customers have reached out to ask if their deposits were safe. Other banks in the Richmond Fed’s district reported higher inflows of deposits following the collapse of Silicon Valley Bank, the report said.

joe said there was no crisis

But not with mortgages, they are back to giving high risk borrowers loans , It is what led up to 08 all over again. Save your money you'll be able to get houses for pennies the dollar again you'll just have to be faster than ones like BlackRock who is stealing the country

Biden's America

Wait until hedge funds have to close naked positions.

But Biden says everything's fine....

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