U.S. consumer credit expands by $11.4B in May, exceeding consensus
2024-07-08
Klaus Vedfelt/DigitalVision via Getty Images U.S. consumer borrowing grew by $11.35B in May, surpassing the $10.70B expected and accelerating from $6.49B in April, which was revised up from $6.40B, the Federal Reserve said on Monday. Total outstanding consumer borrowing of $5.06T advanced from $5.05T in the previous month. On aContinue Reading