Indicators
US Consumer Borrowing Rises $25.5 Billion, Most Since Late 2022
- Credit outstanding in July topped all forecasts in survey
- Non-revolving debt and credit-card balances increased
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US consumer borrowing increased in July by the most since November 2022, reflecting jumps in non-revolving debt and credit-card balances.
Total credit outstanding increased $25.5 billion, according to Federal Reserve data released Monday. The gain exceeded all forecasts in a Bloomberg survey of economists. The figures aren’t adjusted for inflation.