Eye On Housing
Consumer credit outstanding growth slowed to 4.0% in the second quarter 2023 (SAAR) according to the Federal Reserve’s latest G.19 Consumer Credit report, as revolving and nonrevolving debt grew at 7.1% and 3.0%, respectively. Revolving credit growth has decelerated as of late, a result of both cooling inflation and increasingly tight lending standards. Total consumer credit outstanding stands at $5.0 trillion… Read More ›
The Federal Reserve Board recently reported that consumer credit outstanding rose by a seasonally adjusted annual rate of 5.6%, $192.2 billion, in August 2015, slower than the 6.6% rate of growth recorded in July and the 9.6% growth rate in June. Consumer credit outstanding is now at $3.470 trillion. The expansion of total consumer credit outstanding partly reflected an increase in… Read More ›
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 ›