Daily Archives: Jun 6, 2018 at 07:29 am EDT

Is The Modest Rebound In Commercial Lending Sustainable?

In late-2017 some analysts warned that the sliding annual growth rate for commercial and industrial lending in the US would soon turn negative, raising a warning sign for the US economy. But the dark forecast fell flat. US recession risk is virtually nil and early estimates for second-quarter GDP growth point to a firmer trend as the year-over-year change for loan growth continued to pick up through April.
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Macro Briefing: 6 June 2018

Democrats enjoyed an edge in Tuesday’s primary results: The Hill
Mexico retaliates by imposing trade tariffs on US: Reuters
China maintains resolve after US bombers fly near disputed islands: Reuters
US-China relations at risk of further deterioration over conflicts: Guardian
A major UPS labor strike in US may be lurking: CNN
Global PMI: world economic growth rate rose to 3-month high in May: IHS Markit
US job openings exceeded unemployed workers in April: LA Times
ISM Non-Mfg Index: services sector expanded faster than expected: Bloomberg
US Services PMI ticks up to 2-year high in May: IHS Markit