Consumer loans in the United States rose more than expected in July, reaching $25.5 billion.
The US Federal Reserve (Fed) has released its consumer credit report for July. According to the report, an increase of 12.3 billion dollars is expected. consumer loansIn July, it increased by $25.5 billion and reached $5 trillion 93.7 billion. In July, credit card and similar periodic loans increased by 10.6 percent on a monthly basis, while non-periodical loans such as housing, car and student loans increased by $14.8 billion. In 2024, consumer loans increased by 6 percent in total. Periodic loans increased by 9.4 percent annually in July, while non-periodical loans increased by 4.8 percent.
When will the FED interest rate decision be announced?
United States Federal Reserve FED interest rate decision meetingThe September interest rate decision will be announced at 21:00 on Wednesday, September 18, 2024. In the last interest rate decision announcement, the FED kept interest rates constant.
When will the CBRT interest rate decision be announced?
Central Bank of the Republic of Turkey Interest Rate Decision Thursday, September 19, 2024Analysts predicted that the Central Bank would remain on hold until November and that the policy rate would be 45 percent in December.
