U.S. banks reported unchanged demand for commercial and industrial loans in the second quarter, the first time in two years that demand did not weaken, a Federal Reserve survey of senior loan officers published on Monday showed. Fed officials had the survey results in hand last week when they left the U.S. central bank’s policy rate in the 5.25%-5.50% range while flagging a possible interest-rate cut in September.
Source: REUTER
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