US Consumer Credit Grows Less Than Expected In June

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HFA Staff
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The Fed’s G.19 Release on Consumer Credit for the month of June shows that consumer credit, a measure of household debt that includes auto loans, student loans and credit card outstandings, grew to $ 3.211 trillion compared to $ 3.194 trillion in the month of May. Note that home loans are not included in this report. Consumer credit therefore increased $ 17.2 billion in June, compared to the market’s expectations of an increase of $ 18.55 billion. Growth in consumer credit The report, which also includes information on credit terms, is a valuable gauge of economic conditions because the availability…

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