What SLOOS Tells Us About Credit and the Economy

November 18, 2024 — A Republican-controlled government should result in less regulation of the banking sector, potentially loosening rules and easing credit availability. Meanwhile, the broader economic picture remains robust. Key indicators like GDP growth, stable labor markets, and moderating inflation suggest that the US economy is on solid footing. While the lending data from the October 2024 SLOOS highlights a lingering sense of caution from borrowers, lenders are continuing to ease standards.