Consumer Confidence

US Consumer Credit Grows Less Than Expected In June

The Fed’s G.19 Release on Consumer Credit for the month of June shows that consumer credit, a measure of household debt that includes auto loans, student loans and credit card outstandings, grew to $ 3.211 trillion compared to $ 3.194 trillion in the month of May. Note that home loans are not included in this report.

Consumer credit therefore increased $ 17.2 billion in June, compared to the market’s expectations of an . . .

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