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Market Update: US Consumer Credit Lower than Expected
Consumer credit in the United States went up by USD 18.61 billion in April of 2021, following a downwardly revised USD 18.6 billion gain in the previous month and well below market expectations of a USD 22 billion rise. Revolving credit went down by USD 1.96 billion while non-revolving credit went up by USD 20.57 billion. On an annual basis, consumer credit rose 5.3 percent, following a 5.3 percent gain in March. source: Federal Reserve [/s2If]
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