What the Fed Survey Means Down the Lending Chain
More U.S. banks said business loan demand got weaker last quarter than said it got stronger, and that was true for big companies and small ones alike.
The Federal Reserve's October 2026 Senior Loan Officer Opinion Survey, released November 2, covers the third quarter. On net, 11.7% of banks reported weaker demand for commercial and industrial (C&I) loans from large and middle-market firms, and 11.9% said the same about small firms. Three months earlier, the same readings were positive: +16.1 and +3.6.
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