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9h agoUS Consumer Credit Growth Slows Sharply
Fresh Federal Reserve data showed U.S. consumer credit grew at its slowest pace in over two years in September, highlighting household caution amid elevated interest rates and persistent inflation. Revolving credit, including credit cards, saw only marginal growth, while non-revolving credit such as auto and student loans remained subdued. Economists said the slowdown signals tighter borrowing conditions and more prudent consumer spending, factors that could weigh on fourth-quarter growth as higher financing costs continue to restrain demand and discretionary purchases.
neutral
9h agoUS Consumer Credit Growth Slows Sharply
Fresh Federal Reserve data showed U.S. consumer credit grew at its slowest pace in over two years in September, highlighting household caution amid elevated interest rates and persistent inflation. Revolving credit, including credit cards, saw only marginal growth, while non-revolving credit such as auto and student loans remained subdued. Economists said the slowdown signals tighter borrowing conditions and more prudent consumer spending, factors that could weigh on fourth-quarter growth as higher financing costs continue to restrain demand and discretionary purchases.
neutral
US Consumer Credit Growth Slows Sharply
about 9 hours ago
1 min read
80 words
US consumer credit expanded at its slowest pace in more than two years, signaling household caution as high interest rates and inflation curb borrowing and spending momentum.
Fresh Federal Reserve data showed U.S. consumer credit grew at its slowest pace in over two years in September, highlighting household caution amid elevated interest rates and persistent inflation. Revolving credit, including credit cards, saw only marginal growth, while non-revolving credit such as auto and student loans remained subdued. Economists said the slowdown signals tighter borrowing conditions and more prudent consumer spending, factors that could weigh on fourth-quarter growth as higher financing costs continue to restrain demand and discretionary purchases.
Fresh Federal Reserve data showed U.S. consumer credit grew at its slowest pace in over two years in September, highlighting household caution amid elevated interest rates and persistent inflation. Revolving credit, including credit cards, saw only marginal growth, while non-revolving credit such as auto and student loans remained subdued. Economists said the slowdown signals tighter borrowing conditions and more prudent consumer spending, factors that could weigh on fourth-quarter growth as higher financing costs continue to restrain demand and discretionary purchases.
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