Reported 2 months ago
US banks anticipate that a significant drop in the Federal Reserve's interest rates—potentially between 75 to 100 basis points—is necessary to stimulate lending and combat the ongoing slump in loan demand. Executives from various banks suggest that a single cut will not suffice to restore confidence in lending, highlighting that any recovery in business investments may take several months or more, even beyond the initial rate cut, influenced by the broader economic conditions and uncertainty surrounding upcoming elections.
Source: YAHOO