Tag Archive for ‘credit cards’

Interest Rates on Consumer Credit Increase by the End of 2018

The latest data from the Federal Reserve Board’s G.19 Consumer Credit report show that all non-mortgage consumer credit, i.e., excluding loans secured by real estate, increased 5.0% in December, with revolving and nonrevolving credit increasing 2.0% and 6.0%, respectively. The current outstanding levels of debt, on a seasonally adjusted basis, are $1.04 trillion for revolving debt and $2.97 trillion for… Read More ›

Consumer Credit Grows on Eased Lending Standards

The Federal Reserve Board reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 10.0% over the month of March 2016, 5.2 percentage points faster than its growth rate in February. Over the first quarter of 2016, consumer credit outstanding expanded by 6.4%, 0.2 percentage points ahead of the 6.2% rate of growth in the fourth quarter of 2015…. Read More ›

Consumer Credit Expands

Consumer credit outstanding grew by a seasonally adjusted annual rate of 7.5%, $257.7 billion, in the third quarter of 2015, 1.0 percentage point slower than the 8.5% rate of growth recorded in the second quarter of 2015. Consumer credit outstanding now totals $3.499 trillion. The increase in total consumer credit outstanding partly reflected an expansion in the outstanding amount of… Read More ›

Consumer Credit Grows in Q2 2015

The Federal Reserve Board recently reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 7.0%, $234.5 billion, in the second quarter of 2015, 1.4 percentage points faster than the 5.6% rate of growth recorded in the first quarter of 2015. Consumer credit outstanding now totals $3.422 trillion. The increase in total consumer credit outstanding partly reflected an expansion… Read More ›