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U.S. Consumer Credit Rises More Than Expected in June
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U.S. Consumer Credit Rises More Than Expected in June
2026-08-07
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WASHINGTON — U.S. consumer credit increased by $14.17 billion in June from the previous month, exceeding economists’ median forecast of an $11.85 billion gain, according to Federal Reserve data.
Estimates from 14 economists ranged from an increase of $5 billion to $15 billion. The May figure was revised to a decline of $1.08 billion.
Revolving credit, which primarily includes credit card debt, rose by $6.74 billion. Nonrevolving credit, including auto and student loans, increased by $7.43 billion.
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Jensen Huang Steps Down as NVIDIA CEO; Colette Kress Named Interim Chief Executive
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