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Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump

Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump After two consecutive outsized jumps in consumer credit in the months of March and April, when gas prices surged and inflation resumed its track higher, lifting most prices as a result of the war in Iran, moments ago the Fed published its latest consumer credit (G.19) report for the month of May and it was a doozy: instead of the expected $17.5BN increase, in May total consumer credit unexpectedly shrank for the first time since...
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Mar 25, 2026 / Tyler Durden
Trump Sets Xi Meeting Date As Clock Ticks On Iran War Offramp
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Jun 8, 2026 / Tyler Durden
Apple's Long-Awaited AI Siri Fails To Impress As Shares Pump Then Dump During WWDC
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Apr 21, 2026 / Tyler Durden
'Eliminating Energy Blockade Top Priority' As Cuba Confirms Direct Talks With US
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