Business Loan Approvals Rise While Fed Signals Lower Interest Rates ...Middle East

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WASHINGTON, DC — Federal Reserve Chair Jerome Powell speaks during a news conference on Dec. 13, … [+] 2023 in Washington, DC. Powell announced today that interest rates will remain unchanged for now and could decrease in 2024. (Photo by Win McNamee/Getty Images) Getty Images Small business loan approval percentages at big banks ($10 billion+ in assets) stalled for the first time since June of this year, remaining at 13% in November 2023, according to the latest Biz2Credit Small Business Lending Index, released on Tuesday, Dec. 12. Meanwhile, small banks’ approval percentages continue to rise as we approach the new year, going from 19.5% in October to 19.7% in November, marking an increas

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