Loading...
Market
What will be the percentage increase in U.S. consumer credit for August 2024?
3
Resolution / Starting Odds
Less than 4% • 25%
4% to 6% • 25%
6% to 8% • 25%
More than 8% • 25%
Federal Reserve's monthly consumer credit report
Story
US Consumer Credit Surges by $25.452 Billion in July, Largest Increase Since November 2022; Revolving Credit Up 9.4%
Sep 9, 2024, 07:01 PM
On Monday, the Federal Reserve announced that U.S. consumer credit increased by $25.452 billion in July 2024, marking the largest monthly increase since November 2022. This figure significantly exceeded the forecasted $11.2 billion. The rise in consumer borrowing was driven by substantial increases in both revolving and non-revolving debt. Specifically, revolving credit, which includes credit card balances, rose by 9.4%, while non-revolving credit, such as auto and student loans, increased by 4.8%. Overall consumer credit was up 6.0%. This surge in consumer credit reflects higher borrowing amid economic uncertainty.
View original story
Similar markets
Less than $10 billion • 25%
$10 billion to $20 billion • 25%
$20 billion to $30 billion • 25%
More than $30 billion • 25%
Less than $10 billion • 25%
$10 billion to $20 billion • 25%
$20 billion to $30 billion • 25%
More than $30 billion • 25%
Less than $10 billion • 25%
$10 billion to $20 billion • 25%
$20 billion to $30 billion • 25%
More than $30 billion • 25%
Increase by more than $20 billion • 25%
Increase by $10 billion to $20 billion • 25%
Increase by less than $10 billion • 25%
Decrease • 25%
More than $50 billion • 25%
$30 billion to $50 billion • 25%
$10 billion to $30 billion • 25%
Less than $10 billion • 25%
More than 7% • 25%
5% to 7% • 25%
3% to 5% • 25%
Less than 3% • 25%
