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US banks saw weaker loan demand in the third quarter, Fed survey shows

The net share of banks seeing stronger demand for commercial and industrial loans from large and medium business clients during the third quarter fell to negative 21.3% from zero in the second quarter and from small firms slid to negative 18.6% from zero, according to the Fed's quarterly Senior Loan Officer Opinion Survey, or SLOOS. On the consumer front, the net share of banks reporting stronger demand for credit card loans fell to negative 2.1% from a positive 2.0% in the second quarter. For auto loans, it fell to minus 12.8% from minus 10.4%.

Fed’s Kashkari Says Only Inflation Could Derail December Cut

(Bloomberg) -- Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate at the US central bank’s December meeting.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictAsked what could cause po

Argentine consumers feel squeezed even as inflation dips below 200%

BUENOS AIRES (Reuters) -Argentine inflation has dipped to 193%, landing below the 200% threshold for the first time in close to a year, data from statistics agency INDEC showed on Tuesday, as President Javier Milei's dramatic austerity agenda bears fruit. Slowing inflation, pulled back in part by the government's dramatic public spending adjustments, has however come at the cost of consumption in a battered economy where more than half of the country has fallen into poverty. Data from INDEC showed that monthly inflation slowed to 2.7% in October from 3.5% the previous month, its lowest since November 2021.

Fed policy is 'modestly restrictive,' Kashkari says

Minneapolis Federal Reserve Bank President Neel Kashkari said he feels U.S. monetary policy is currently "modestly restrictive," with short-term borrowing costs continuing to slow inflation and the economy, but not by a lot. "The U.S. economy is in a good place," Kashkari said at a Yahoo! Finance event.