Commercial Banks and Consumer Credit

Federal Reserve data shows Commercial Banks have reduced Consumer Credit Card and Revolving Debt by more that 10% in the last year.

From 2015 - 2019, this metric had been increasing by 7-8% annually.

Paul Mangione

Fort Schuyler Advisors

Comments

Many Americans are concerned about the high cost of used cars, especially after seeing a 45% year-on-year increase according to the...

U.S. Census Bureau Data for July 2020 shows US Supply of Houses at 4 months of inventory returning to early 2000 lows. Inventory is very...