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Data snack: US banks’ growth rates are down in Q1 2022

  • Growth is stalling across the US banking sector, with both deposits and loans up marginally from the fourth quarter of 2021.
  • This could be an indicator of current macroeconomic conditions, as the Federal Reserve tightens up market conditions so that the economy will moderate.
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Data snack: US banks’ growth rates are down in Q1 2022

U.S. commercial and savings banks reported slower growth on both the deposit and lending sides of their balance sheets in Q1 2022 compared to the previous quarter, according to data compiled by S&P Global

This could be a consequence of current macroeconomic conditions, as policymakers look to slow down the US economy in order to lower inflation. The Consumer Price Index was up 8.5% in March 2022 – its highest level in more than 40 years. And with the Fed rising interest rates, money has become more expensive, making borrowing less appealing. 

U.S. commercial and savings banks reported slower growth on both the deposit and lending sides of their balance sheets in Q1 2022 compared to the previous quarter, according to data compiled by S&P Global

This could be a consequence of current macroeconomic conditions, as policymakers look to slow down the US economy in order to lower inflation. The Consumer Price Index was up 8.5% in March 2022 – its highest level in more than 40 years. And with the Fed rising interest rates, money has become more expensive, making borrowing less appealing. 

 


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