Nonrevolving Debt Fuels June Consumer Credit

The Federal Reserve's latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through June 2020. In June, consumer credit increased at a seasonally adjusted annual rate of 2.6% from the previous month, with revolving debt1 decreasing by 2.8% and nonrevolving debt2 increasing by 4.3 percent. Consumer credit totaled $4.1 trillion on a seasonally... Read More ›...(read more)

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