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Data from FRED. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Bank Lending Standards (C&I Loans) held to 8.1 Percent in January 2026
FREDQuarterlyReleased April 2026
US Bank Lending Standards (C&I Loans) held to 8.1 Percent in January 2026, released April 2026.
Latest Release
8.100000
Actual
—
Consensus
8.100000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Bank Lending Standards (C&I Loans) (United States) was reported at 8.10 Percent in January 2026. The reading was unchanged from the previous release. This is classified as a medium-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 6.63 Percent, down from the prior three at 11.40 Percent. In April readings over the past 3 years, Bank Lending Standards (C&I Loans) has averaged 14.07 Percent.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Manufacturing PMI (Jun 23) and S&P Global Services PMI (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update April 2026.
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Bank Lending Standards (C&I Loans) - US
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About Bank Lending Standards (C&I Loans) — United States
DEFINITION
US Bank Lending Standards (C&I Loans) eased to 5.300000% in December, down from November’s 6.500000%, marking the lowest level since April 2024. This decline signals a continued normalization after last year’s tightening cycle, with standards falling well below the 12-month average of 9.7%. Market participants responded positively, with credit spreads narrowing and financials outperforming amid stable Federal Reserve policy. Updated 4/3/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 8.1 Percent. Prior reading (Jan 2026): 5.3 Percent. Before that (Oct 2025): 6.5 Percent.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.
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Economic Calendar - US Events
| Tuesday, June 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 13:45 | US | S&P Global Manufacturing PMI | 55.1 | 54.8 | 55.35 | Medium | |
| 13:45 | US | S&P Global Services PMI | 50.7 | 51 | 50.80 | Medium | |
| 13:45 | US | S&P Global Composite PMI | 51.5 | 50.8 | 51.25 | Medium | |
| 14:00 | US | Richmond Fed Manufacturing Index | 13 | 9 | 11.50 | Low | |
| 14:00 | US | Richmond Fed Services Index | 14 | 11 | 11.00 | Low | |
| 14:00 | US | Richmond Fed Manufacturing Shipments Index | 16 | 9 | 16.50 | Low | |
| Wednesday, June 24, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Current Account | -190.7 | -217.5 | -207.35 | Medium | |
| 14:00 | US | New Home Sales | 0.622 | 0.64 | 0.64 | Medium | |
| Thursday, June 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Chicago Fed National Activity Index | 0.14 | 0.12 | 0.12 | Medium | |
| 12:30 | US | Durable Goods Orders MoM | 7.9 | -4.3 | -4.30 | High | |
| 12:30 | US | Core PCE Price Index MoM | 0.2 | 0.3 | 0.30 | High | |
| 12:30 | US | Initial Jobless Claims | 226 | 225 | 225.00 | Medium | |
| 12:30 | US | Personal Income MoM | 0 | 0.4 | 0.40 | High | |
| 12:30 | US | Personal Spending MoM | 0.1 | 0.1 | 0.10 | Low | |
| 12:30 | US | Durable Goods Orders Ex Transp MoM | 1.1 | 0.7 | 0.70 | Medium | |
| 12:30 | US | PCE Price Index MoM | 0.4 | 0.5 | 0.50 | Medium | |
| 12:30 | US | Non Defense Goods Orders Ex Air | -1.1 | 0.6 | 0.60 | Low | |
| 12:30 | US | Continuing Jobless Claims | 1810 | 1800 | 1784.50 | Low | |
| 12:30 | US | Core PCE Price Index YoY | 3.3 | 3.4 | 3.40 | Low | |
| 12:30 | US | Durable Goods Orders Ex Defense MoM | 8.1 | -3.9 | -3.90 | Low | |
| 12:30 | US | Jobless Claims 4-Week Average | 223.25 | 226 | 225.25 | Low | |
| 12:30 | US | PCE Price Index YoY | 3.8 | 4 | 4.00 | Medium | |
| 12:30 | US | Real Consumer Spending | 1.4 | 1.4 | 1.40 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 8 | 6 | 10.00 | Low | |
| 15:00 | US | Kansas Fed Manufacturing Index | 9 | 7 | 11.50 | Low | |