Economic Buzz: US Consumer Credit Rises 3.2% In Q1   (08:07, 08 May 2024)

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According to the Federal Reserve, U.S. consumer credit increased at a seasonally adjusted annual rate of 3.2 percent during the first quarter. Revolving credit increased at an annual rate of 5.7 percent, while non-revolving credit increased at an annual rate of 2.2 percent. In March, consumer credit increased at an annual rate of 1.5 percent.

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