25 Aug 2023

June Revolving Credit Up 11.2% Y/Y; Interest Rates On Credit Cards Up 600bps Last 5 Quarters To North Of 20%

by | posted in: Credit, Economy | 0

The US is a credit-reliant economy. Many Americans tap credit cards to even cover essential living expenses. In June, revolving credit shot up 11.2 percent year-over-year to $1.26 trillion – barely under May’s record high. Interest rates on credit cards, … Continued

10 Mar 2023

Rising Rates To Reverberate Through Consumer Delinquency Rate At Some Point

by | posted in: Credit, Economy | 0

Within a year, US interest rates have gone up a lot, with the fed funds rate having risen from zero-bound to north of 4.5 percent currently. In the futures market, traders expect the benchmark rates to peak between 550 basis … Continued