Open-Ended Credit Slowly Recovers in July

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 ....(read more)

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