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US Consumer Credit Surges as Credit Card Debt Reaches Record

Key takeaways

  • In July, US consumer credit rose by $18.1 billion, surpassing estimates, with credit card debt hitting a new high of $1.357 trillion, driven by increased
#Consumer Credit#US Economy#Credit Card Debt

Analysis

In July, US consumer credit rose by $18.1 billion, surpassing estimates, with credit card debt hitting a new high of $1.357 trillion, driven by increased

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