Survey: Community Bankers Pessimistic About Business Conditions
The Federal Reserve’s interest rate decisions and concerns about future business conditions have made community bankers more pessimistic about business prospects
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.
Environmental, social and corporate governance topics have become key concerns for investors and donors, said John Traynor, the executive vice president and chief investment officer at People’s United Bank, a concern that he has recently seen gaining momentum.
The 2017 economic growth forecast increased one-tenth from the prior forecast to 2.5 percent due to the government’s upgraded third quarter GDP growth estimate and an expected solid fourth quarter finish, according to the Fannie Mae Economic & Strategic Research Group’s December 2017 Economic and Housing Outlook.
Residential mortgage performance continues to improve to the highest levels seen in years, according to a new report from the Mortgage Bankers Association.