Consumer Credit Jumps More Than Expected In June As Credit Card Debt Spikes
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Source: Zero Hedge
Published: 2026-08-08 05:32 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Tax & Budget
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Snippet:
One month after the May consumer credit posting a shocking decline - the first since late 2024 - driven by a plunge in revolving credit, things are mostly back to normal, with the Fed reporting in its latest G.19 report that in June, US consumer credit posted a healthy $14.17BN bounce - a full reversal of the May drop of $1.1 billion - and above the $11.9 billion median estimate.
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