Weekly Economic & Financial Commentary

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United States: Long and Variable Lags Evident in Credit Availability Ben Franklin famously said, “If you would know the value of money, try to borrow some.

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Summary United States:Long and Variable Lags Evident in Credit Availability Ben Franklin famously said, “If you would know the value of money, try to borrow some.” Amid a light calendar for economic data, we focus this week on how lenders tightened standards for most loan types in Q3 even as demand for loans weakened, according to the Federal Reserve's Senior Loan Officer Opinion Survey (SLOOS). Next week: CPI (Tue.), Retail Sales (Wed.), Housing Starts (Fri.

to fall into a mild recession through late 2023 and into early 2024. Next week: Japan GDP (Wed.), China Industrial Production & Retail Sales (Wed.), U.K. CPI (Wed.) Interest Rate Watch:Reserve Bank of Australia Resumes Rate Hikes While the Federal Reserve and many of the world's other major central banks are currently on hold, a few central banks are continuing to nudge interest rates higher.

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