Tech Insider

Th

sad NYSE trader

REUTERS/Brendan McDermid

  • Credit conditions are set to worsen, according to veteran market strategist David Roche.
  • That's because banks will keep tightening lending standards in the wake of the SVB crash. 
  • The crunch could impact a large chunk of the US economy, with Main Street feeling the pain of tighter conditions.

The credit crunch in the wake of March's bank failures is likely to worsen, and up to 40% of the US economy could be squeezed as financial conditions keep tightening, according to veteran market strategist David Roche.

Tags
Markets, MI Exclusive, Credit Crunch, bank crisis, US Economy and Markets, Recession, Interest Rates, interest rate outlook, recession risk, fed inflation, Fed, US banks, Economic Growth, Stocks, Regional Banks, Lending
Source
Up to 40% of the US economy is set to be squeezed by tighter financial conditio…