Stress among small banks is likely to slow the US economy

Stress among small banks is likely to slow the US economy

From goldmansachs.com

As stress ripples through smaller banks in the U.S., the tightening in lending standards among those institutions is expected to reduce economic growth this year, according to Goldman Sachs Research. While the macroeconomic impact of a pullback in lending is highly uncertain until the extent of the stress on the banking system becomes clear, economists in Goldman Sachs Research lowered their forecast for U.S. fourth-quarter GDP growth (year-over-year) by 0.3 percentage point to 1.2%. The new estimate incorporates expectations for tighter lending and reflect in part a larger downgrade to investment spending. Small- ... (full story)

its ok bro, if u guys think usa economy will slow and u guys selling usd. i will keep in my own path looking oopurtinity to buying usd.

Despite recent turmoils, I think another hike of at least 25 bp is expected net week

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