Market Dynamics Contribute to Consumer Credit Growth

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Consumer credit outstanding grew by a seasonally adjusted annual rate of 5.8%, $206.6 billion, in the month of February 2016, 0.7 percentage point faster than the 5.1% rate of growth recorded in January. Consumer credit outstanding now totals $3.568 trillion. The increase in total consumer credit outstanding partly reflected an expansion in the outstanding amount of revolving consumer credit. The outstanding amount… Read More ›

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