Consumer credit rises slightly less than expected in June

2 hours ago 1
Happy young woman paying bill with a contactless credit card in a restaurant. Female smiling holding a creditcard and giving a payment transaction to the cashier.

Jose Calsina

U.S. consumer credit swelled by $7.37B in June, slightly trailing the $7.40B consensus and accelerating from $5.10B in May (revised from $5.13B), according to data released by the Federal Reserve on Thursday.

Total outstanding consumer borrowing of $5.055T edged up from $5.047T

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