The Federal Reserve’s interest rate decisions and concerns about future business conditions have made community bankers more pessimistic about business prospects
Concerns about future business conditions have led community bankers to hold a less optimistic outlook for the economy, according to the Conference of State Bank Supervisors latest survey.
While community bankers’ overall outlook on the economy has improved since the start of the pandemic, profitability and regulatory burden remain concerns for more than half of bankers.
Community bankers’ overall outlook on the economy remained negative in the second quarter, with bankers holding a range of opinions on business conditions, according to a quarterly survey by the Conference of State Bank Supervisors.
A survey asking U.S. community banks for their outlook on the economy shows how quickly the coronavirus pandemic affected bankers’ views.