US Consumer credit above expectations at 18.558B vs 16B est

The US Consumer debt for the month of May (it is July) came in at 18.55B vs 16B estimate. The obtain represents a 6.2 annualized rate.





Credit card and subsidiary revolving bank account rose 2.4 billion to 953.3 billion. The annualized % Change is 3% vs 1.7% last month.
Non revolving debt rose 16.2 billion to 2.67 trillion.  This is a 7.3% annualized fine-flavor going on from 5.5% last month.  Non-revolving lending to consumers by the federal dispensation which is mainly student loans rose to 996.5 billion upon a non-seasonally adjusted basis
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US Consumer credit above expectations at 18.558B vs 16B est US Consumer credit above expectations at 18.558B vs 16B est Reviewed by Raghuraj singh on 12:35:00 Rating: 5

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