US Consumer Credit Jumps at an Annual Rate of 10% in May

US Consumer Credit Jumps at an Annual Rate of 10% in May

(Federal Reserve) Amounts of consumer credit in the US rose at an annual rate of 10% in May, almost double April’s rate of 5.7%. 

Revolving credit jumped by 11.4%, up from a decline of 1.2% in April.

Non-revolving credit gained by 9.5%, more than a jump of 7.7% in April.

SPY is up +0.23%, DXY is up +0.08%.

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