WASHINGTON - Consumer credit grew at a 10.9% annual rate in August, up from 7.5% the previous month, the Federal Reserve Board announced Friday.
"The pickup in August largely reflected faster growth in revolving credit," the Fed said.
Access to authoritative analysis and perspective and our data-driven report series.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In