The global CIO of HSBC Global Private Banking and Wealth Willem Sels joins Catalysts to break down what investors can expect from the Federal Reserve's forthcoming bank lending survey.
"It's a matter of optimism," Sels tells Yahoo Finance. He notes that once the US election is over, there will be less uncertainty, and therefore, CEOs can better plan for their businesses. In addition, he explains that the US economy is on track for a soft landing or even a no landing scenario, and when coupled with easing interest rates, financing should become cheaper.
"So easier to get a positive return on your investment that you're making," he adds.
Sels explains that the bank lending survey will ultimately show four things: whether bank lending conditions are easing, whether corporations are willing to borrow, the profitability of financials, and the investments being made in areas like innovation and technology.
For more expert insight and the latest market action, click here to watch this full episode of Catalysts.
This post was written by Melanie Riehl