Consumer Credit Use Grows at the Slowest Rate in 7 Months

Consumer Credit Use Grows at the Slowest Rate in 7 Months
·3 min read

Americans increased their credit use at a slower-than-expected rate in August, according to a report from the Federal Reserve. The increase was the smallest change since January of 2021 and well below the growth seen earlier in the summer. How did consumer credit use change in August?

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