From Torsten Sløk, Ph.D.:
We are moving further and further away from the negative effects of the January and February turbulence in markets, see chart below. The Fed’s Senior Loan Officer Survey for 2016Q2 shows that banks are more willing to lend to consumers and senior loan officers are also reporting stronger demand for consumer loans, residential mortgages, and commercial real estate loans. This is consistent with continued solid employment growth and the ongoing banking sector balance sheet repair.
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