Consumer credit

February 07, 2020 - 3:38 pm
WASHINGTON (AP) — Americans gave their credit cards a real workout this past holiday season. The Federal Reserve said Friday that borrowing on credit cards rose by the largest amount in more than two decades in December. Total U.S. consumer borrowing rose $22.1 billion in December, the central bank...
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FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. On Wednesday, Jan. 8, 2020, the Federal Reserve releases its August report on consumer borrowing for November. (AP Photo/Jenny Kane, File)
January 08, 2020 - 3:27 pm
WASHINGTON (AP) — U.S. consumers slowed their borrowing in November, mainly by piling up less credit card debt. The Federal Reserve said Wednesday that consumer credit rose by a seasonally adjusted $12.5 billion in November, down from a gain of $19 billion in October. The sharp slowdown reflected a...
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This Oct. 8, 2019, photo shows a Chase Sapphire card in New York. On Friday, Dec. 6, The Federal Reserve releases its report on consumer borrowing for October. (AP Photo/Jenny Kane)
December 06, 2019 - 3:58 pm
WASHINGTON (AP) — U.S. consumers ramped up their credit card spending in October. The Federal Reserve said Friday that total consumer borrowing rose in October by a seasonally adjusted $18.9 billion, up from a September increase of $9.6 billion. It was the biggest increase in borrowing in three...
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FILE - In this Feb. 20, 2019, file logos for credit cards are visible on the cards in Zelienople, Pa. On Friday, June 7, the Federal Reserve releases its April report on consumer borrowing. (AP Photo/Keith Srakocic, File)
June 07, 2019 - 3:06 pm
WASHINGTON (AP) — Consumer borrowing accelerated in April to the fastest pace in five months as a rebound in credit card usage offset slower demand for auto and student loans. The Federal Reserve says borrowing increased by $17.5 billion. That is up from March's $11 billion advance and marks the...
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FILE- In this Feb. 26, 2019, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on monetary policy on Capitol Hill in Washington. On Wednesday, March 20, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Kevin Wolf, File)
March 20, 2019 - 3:22 pm
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes in 2019, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The Fed said it was keeping its benchmark rate — which can influence everything from...
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This Wednesday, Feb. 20, 2019, photo shows logos for credit cards in Zelienople, Pa. On Thursday, March 7, the Federal Reserve releases its January report on consumer borrowing. (AP Photo/Keith Srakocic)
March 07, 2019 - 4:07 pm
WASHINGTON (AP) — Consumer borrowing rose at a slightly faster pace in January as borrowing on credit cards rebounded after a slowdown in December. Borrowing increased by $17.05 billion in January after a $15.36 billion December gain, the Federal Reserve reported Thursday. The increase reflected...
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FILE- This June 10, 2015, file photo shows a chip credit card in Philadelphia. On Wednesday, Nov. 7, 2018, the Federal Reserve releases its September report on consumer borrowing. (AP Photo/Matt Rourke, File)
November 07, 2018 - 3:05 pm
WASHINGTON (AP) — Americans increased their borrowing by a solid amount in September. But the gain was less than half the big August surge as borrowing in the category that includes credit cards fell. The Federal Reserve says consumer borrowing rose by a seasonally adjusted $10.9 billion following...
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FILE - This June 10, 2015, file photo shows credit cards in Philadelphia. On Tuesday, Aug. 7, 2018, the Federal Reserve releases its June report on consumer borrowing. (AP Photo/Matt Rourke, File)
August 07, 2018 - 3:02 pm
WASHINGTON (AP) — Americans increased their borrowing in June at the slowest annual pace in three months as the level of credit card debt fell slightly. The Federal Reserve says consumer debt rose a seasonally adjusted $10.2 billion in June from the prior month to a total of $3.91 trillion...
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FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve issues new data Monday, May 7, 2018, on how much credit Americans took on in March. The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing increased by $15.6 billion. That would follow a gain of $10.6 billion in February. That gain pushed total consumer credit to nearly $3.9 trillion.(AP Photo/Andrew Harnik, File)
May 07, 2018 - 3:12 pm
WASHINGTON (AP) — Americans increased their borrowing by $11.6 billion in March as a big increase in the category that covers auto and student loans offset the largest monthly drop in credit card borrowing in more than five years. The Federal Reserve says the March increase in total debt was below...
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FILE- In this Feb. 14, 2018, file photo, a Nasdaq employee works at his computer at the Nasdaq MarketSite, in New York. On Thursday, March 8, the Federal Reserve reports on household wealth for the October-December quarter. (AP Photo/Richard Drew, File)
March 08, 2018 - 12:55 pm
WASHINGTON (AP) — A soaring U.S. stock market and healthy home price gains lifted Americans' net worth to $98.7 trillion in the final three months of last year, a gain that could lift household spending. The value of U.S. stock portfolios jumped $1.3 trillion in the October-December quarter...
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