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Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump
After two consecutive outsized jumps in consumer credit in the months of March and April, when gas prices surged and inflation resumed its track higher, in May total consumer credit unexpectedly shrank for the first time since November 2024.
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cryptobriefing.com
US consumer borrowing falls for the first time since 2024 as credit card debt drops sharply
US revolving credit fell $5.3B in May 2026, the first consumer credit decline since 2024. Here's what it means for spending, rates, and risk assets.
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zerohedge.com
Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump
After two consecutive outsized jumps in consumer credit in the months of March and April, when gas prices surged and inflation resumed its track higher, in May total consumer…