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via pymnts.comEconomy

Consumers get choosier about credit as revolving balances fall in August

FROM THE WIRE · PYMNTS.COM

Consumer borrowing continued to grow in August, but the composition changed as revolving balances fell and nonrevolving credit advanced.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralShift in consumer credit composition reflects cautious consumer behavior, relevant for monetary policy assessment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consumer borrowing continued to grow in August.
  2. 02Revolving credit balances fell during the month.
  3. 03Nonrevolving credit advanced.

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