Fed Reports US Revolving Credit Jumps 9.8 Percent in May
The Federal Reserve reported its monthtly G.19 Consumer Credit statistics today for the month of May 2007. Consumer credit increased at an annual rate of 6-1/2 percent in May. Revolving credit rose at an annual rate of 9-3/4 percent, and nonrevolving credit rose at an annual rate of 4-1/2 percent. Revolving credit outstanding now totals $894.8 billion.
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