The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through July 2020. Consumer credit increased at a seasonally adjusted annual rate of 2.6% from the previous month, with revolving debt1 decreasing by slightly less than 0.5% and nonrevolving debt2 increasing by 4.8 percent. Consumer credit totaled $4.1 trillion on a... Read More ›
The post Open-Ended Credit Slowly Recovers in July first appeared on Eye On Housing.
