Consumer credit increased by $8.9 billion in August, bringing the total to $5.097 trillion, marking a sharp slowdown from July’s $26 billion surge. This represents the fourth smallest increase in consumer...
Consumer debt surged by over $25 billion in July, marking the largest increase in almost two years as Americans increasingly relied on credit to maintain their lifestyles, according to Federal Reserve...
Total household debt in the U.S. rose by $184 billion (1.1%) in the first quarter of 2024, reaching a record $17.69 trillion, according to the New York Fed’s Quarterly Report on...
In a surprising turn, growth in consumer credit significantly underperformed expectations in March, according to the latest report from the Federal Reserve. The increase was notably less robust compared to previous...
