Moments ago the latest consumer credit data from the Fed was released and it was a doozy: instead of printing at a "credit-crunchy" subdued level, new credit card debt smashed expectations by almost $10 billion.
Moments ago the latest consumer credit data from the Fed was released and it was a doozy: instead of printing at a "credit-crunchy" subdued level, new credit card debt smashed expectations by almost $10 billion.
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Consumer Credit Shocker: Credit Card Debt Explodes At 2nd Fastest Pace On Record Just As Rates Hit All-Time High - Activist Post
Such a move could at least be explained, if not justified, when rates were at zero, but now? The next crisis and credit crunch are set.
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