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5.5

US consumer credit growth slows in August as revolving balances fall

US consumer credit increased by $8.3B in August, below expectations, with revolving credit (credit cards) declining by $4.8B. This suggests softening consumer spending and potential strain on household finances, which could weigh on near-term growth.

Anadolu Agency EN1 day agoUSengCredibility 51%View source

Score Breakdown

Mosaic Score5.5
Model confidence0.9
Significance0.5
Source credibility0.5

Intelligence Tags

#consumer credit#revolving credit#household debt#consumer spending#federal reserve

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Related signals

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