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Commercial and Industrial lending at commercial banks dropped below 2% in July.
The last time C&I lending was less than 2% was in April 2011.
The percentage of lenders reporting stronger demand for C&I loans (large and medium firms) fell 11.80% in July.
Real estate lending YoY at commercial banks? Down below 5% growth, consistent with the rise of non-bank lenders since the financial crisis.
These are two good reasons why The Fed is anticipated to keep rates constant until the March 2018 FOMC meeting.
Meanwhile, smoothing sailing on the USS Janet Yellen?