Bank lending prospects among key inputs for policymakers at Fed meeting
Credit data likely to be considered at a two-day Federal Reserve policy meeting that begins on Tuesday may show pumps primed for increased bank lending, even as the prospect for gains is complicated by a highly uncertain economic environment and still-daunting borrowing costs tied to central bank policy. Fed officials are almost certain to leave the U.S. central bank's benchmark interest rate steady in the 4.25%-4.50% range on Wednesday as they start weighing how the Trump administration's economic agenda may affect sticky inflation and solid growth trends. Understanding the state of bank lending is key in that effort.