Bank economists: Credit conditions to soften for consumers and small businesses

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Economists expect credit conditions will weaken in coming months

Credit conditions will “weaken modestly” in the next six months as businesses and consumers become more cautious amid heightened uncertainty, according to the American Bankers Association’s first quarter Credit Conditions Index.  The report was released March 25. The Headline Credit Index declined for the first time in more than a year, according to the report, dropping 15.7 points in the first quarter to 41.3, according to the report. Any readi…

Bank economists: Credit conditions to soften for consumers and small businesses

Credit conditions are expected to weaken modestly over the next six months as businesses and consumers amid heightened uncertainty.