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U.S. consumer credit grows at solid rate in February

Por: MarketWatch Politics April 08, 2023

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Key details: Revolving credit, like credit cards, rose 5% in February after a revised 12.8% gain in the prior month. That was up from the initial estimate of a 11.1% gain. Nonrevolving credit, typically auto and student loans, rose 3.4%, up from a revised 2.2% growth rate in the prior month. This category of credit is much less volatile.  The Fed’s data does not include mortgage loans, which is the largest category of household debt. Big... + full article



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