Tag: Commercial Pulse Report

Recent news of the SVB collapse highlights the vulnerability of small banks and their crucial role in serving local communities. Small and medium-sized financial institutions should prepare for additional interest rate hikes.

Bankruptcies and collections are on the rise since mid 2022. Pandemic-related relief and forgiveness suppressed collections for most of 2021 and the first half of 2022.

Consumers are borrowing to maintain spending levels even though higher interest rates make borrowing more expensive.

So far, the economy has been extremely resilient, with Q4 GDP coming in above expectations at 2.9%, inflation cooling, supply chain issues easing, and unemployment remaining low.

Happy New Year! The burning question for 2023 is whether the U.S. economy will fall into recession.

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Heading into the holiday season, we'll see if consumers continue to spend at high levels, or if higher prices, higher interest rates and lower savings create a drag on sales.

Interest rate hike, flat unemployment rate, strong job growth are just a few of the trends we are following in the Commercial Pulse Report.