Keeping you up to date on the latest data releases.
- Consumer credit rose at a seasonally-adjusted annual rate of 8.3 percent to $2,795.7 billion in May, pushing past expectations. Consumer credit increased 5.82 percent from May 2013 over May 2012. Student loans continue to be the major driver behind rising balances. Nonrevolving credit and revolving credit segments rose an annualized 8.2 percent and 9.7 percent, respectively, in May.