Global Banking Monitor

Sunday, September 8, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...
HomeBankingFed Cautions That Tighter...

Fed Cautions That Tighter Credit Conditions Could Impact US Growth

By Pete Sadler
Photo by Elizabeth Kay on Unsplash

The Federal Reserve warned Friday that tighter U.S. credit conditions following a spate of bank failures in the spring could hinder economic growth this year.

In its semi-annual monetary report to Congress, the central bank noted that bank lending conditions have “tightened notably” over the past year due to the rapid increase in interest rates and the recent turmoil within the financial sector.

Read More : Fed Cautions That Tighter Credit Conditions Could Impact US Growth

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Stripe employees get to sell $1bn of shares

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