【CNBC】Banks are turning cautious on lending, according to the Fed. What it means for the economy

• U.S. banks tightened lending standards for small firms and major commercial real estate loan categories during the third quarter, according to a new Federal Reserve bank lending survey.
• Lenders highlighted less favorable or more uncertain economic conditions and worsening industry-specific problems.
• The Fed survey measures reported lending standards, terms and demand, not actual loan volumes.

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