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US Consumer Credit Surges in June as Credit Card Debt Rises

Key takeaways

  • In June, US consumer credit increased by $14.17 billion, driven by a rebound in credit card debt, which now totals $1.351 trillion, nearing record highs.
#Consumer Credit#US Economy#Credit Card Debt

Analysis

In June, US consumer credit increased by $14.17 billion, driven by a rebound in credit card debt, which now totals $1.351 trillion, nearing record highs.

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