Respondents to a Federal Reserve banking survey said that during the second quarter, lending standards for commercial and industrial loans “remained basically unchanged,” and demand for such loans from large and medium-sized enterprises increased. The Federal Reserve said in its latest quarterly senior loan officer survey report: “In terms of loans to households, banks have reported mixed changes in loan standards, and demand for residential real estate loans has weakened.” The report points out that in a situation where demand is stable, lending standards for credit card loans have been tightened, while lending standards for car loans and other types of consumer loans have remained unchanged, but demand for automobile loans has weakened. The Federal Reserve has been weighing whether to raise interest rates and raise short-term borrowing costs to push the inflation rate back to the target level of 2%. Last week, the Federal Reserve kept the federal funds rate target range unchanged at 3.5% to 3.75%, and Chairman Walsh did not provide clear guidance on the future policy path.

Respondents to a Federal Reserve banking survey said that during the second quarter, lending standards for commercial and industrial loans “remained basically unchanged,” and demand for such loans from large and medium-sized enterprises increased. The Federal Reserve said in its latest quarterly senior loan officer survey report: “In terms of loans to households, banks have reported mixed changes in loan standards, and demand for residential real estate loans has weakened.” The report points out that in a situation where demand is stable, lending standards for credit card loans have been tightened, while lending standards for car loans and other types of consumer loans have remained unchanged, but demand for automobile loans has weakened. The Federal Reserve has been weighing whether to raise interest rates and raise short-term borrowing costs to push the inflation rate back to the target level of 2%. Last week, the Federal Reserve kept the federal funds rate target range unchanged at 3.5% to 3.75%, and Chairman Walsh did not provide clear guidance on the future policy path.