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What will be the U.S. consumer credit increase in September 2024?
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Resolution / Starting Odds
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Federal Reserve's consumer credit report for September 2024
Story
U.S. Consumer Credit Surges to $25.45 Billion in July, Exceeding $12 Billion Forecast
Sep 9, 2024, 07:00 PM
The Federal Reserve has announced that U.S. consumer credit rose significantly in July, reaching $25.45 billion. This figure far exceeds the forecast of $12 billion and the previous month's increase of $8.93 billion. The announcement, made on Monday at 2:00pm CDT, highlights a substantial rise in consumer borrowing between June and July, which is notable given the current economic uncertainties.
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