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    Home»Economy»Consumer loan interest rate decreases in the United States
    Economy

    Consumer loan interest rate decreases in the United States

    July 10, 20251 Min Read
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    Consumer loan interest rate decreases in the United States

    Consumer loans in the United States, within three months at the latest.

    In the United States, consumer loans, credit cards and other rotating debts on the impact of decline in the past three months in May can record slower. According to data published by the US Federal Bank (Fed), the total lending debt increased by $ 5.1 billion after an increase of $ 16.9 billion in April. Analysts are estimated to increase $ 10.0 billion for consumer loans. Credit cards and other rotating debts have decreased for the first time since November and decreased $ 3.5 billion. Debts are not as a car -buyer and school fees increased by $ 8.6 billion; This indicates a slight slow down compared to a month ago. In recent months, the increase in interest in the economy and the labor market has encouraged consumers to be more cautious in financial and less willing to borrow. Fed policy makers claim that they will keep their interest rates unchanged until there are more progress in controlling inflation. This is another negative for Americans to hold high balance in credit cards and other loans.

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