Since the Federal Reserve decided to pause interest rates earlier today, regulators have seemingly left the door open for potential rate cuts in 2024.
Citizens Vice Chair and Head of Commercial Banking Don McCree joins Yahoo Finance Live to discuss what this means for the bank and credit lending conditions.
“There’s not been a large demand out of our client base or Corporate America in general, they have been worried about the economy and worried about the level of rates,” McCree says. “So they’ve toned down their investment and their businesses.”
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🦉The Fed Finally Surrenders; Inflation Wins, inflation is ‘permanent’^The key to knowing the state of the economy today is. Question: Can I afford in the^Biden^administration^what I could afford in the last administration? And the answer is: NO, YOU CANNOT. If you are living your life on credit or a loan, you do not even own your life🦉