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Consumer Credit Growth Shows Resilience

Consumer Credit Growth Shows Resilience

Naomi Ross 1 week ago
Consumer credit expanded at a 4.8% annualized rate in April, according to the latest Federal Reserve G.19 report. Revolving credit, in particular, saw a significant 10.4% growth. This data suggests U.S. consumers are continuing to spend, potentially outpacing negative economic headlines for the time being, as reported by PYMNTS.com.
United States

Consumer Credit Growth Shows Resilience

Naomi Ross 1 week ago
Consumer credit expanded at a 4.8% annualized rate in April, according to the latest Federal Reserve G.19 report. Revolving credit, in particular, saw a significant 10.4% growth. This data suggests U.S. consumers are continuing to spend, potentially outpacing negative economic headlines for the time being, as reported by PYMNTS.com.
United States
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