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Tighter credit having little impact on broad economy

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The NDR CCI rose to its highest level since August 2022, indicating above-trend growth in the economy and payrolls but also stickier inflation. The SLOOS showed banks tightened standards at a slower pace, while demand fell at a slower rate. Low financial stress consistent with credit outperformance.

Ned Davis Research | Fixed Income | Focus | Bi-Weekly

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