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Apr 10, 2023
Bank Lending Plunges by Largest Measure on Record as Credit Crunch Alarm Rings Louder
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Tom Ozimek
Lending by U.S. banks has plunged by the biggest amount on record in the final two weeks of March, according to the latest data from the Federal Reserve, prompting analysts to renew warnings of recession and stagflation. The Fed data ...
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