Is Revolving Credit Cooling or Simply Catching Its Breath?
From the article
Consumer credit rarely moves in a straight line, and May’s Federal Reserve data offered a reminder that one month’s pause can support more than one interpretation. After two months of brisk growth, revolving consumer credit, which includes credit card balances, declined at a 4.7% annualized rate in May, as Federal Reserve data indicated on Wednesday […] The post Is Revolving Credit Cooling or Simply Catching Its Breath? appeared first on PYMNTS.com .
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