U.S. banks are sending signals that the country’s economic expansion is getting long in the tooth. Being a key transmission mechanism for savings, investment and spending, the banking sector is worth watching as a barometer for the health of the overall economy. Lately it has been acting as one would expect toward the end of an expansion phase. Most glaringly, after strong lending growth for several years, momentum clearly is...

Source: Wall Street Journal August 27, 2017 15:00 UTC