Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why Consumers Are Tapping Credit Cards Again
Consumer spending remains resilient, but there's a shift happening beneath the surface: credit card balances are rising as savings dwindle. Lucas and Luna break down the latest Federal Reserve data on revolving credit, the disconnect between strong retail sales and deteriorating household balance sheets, and why this trend has the Fed paying close attention. They explore how the World Cup gave bars and restaurants a temporary boost, but the broader picture shows consumers leaning on debt to maintain spending. With the unemployment rate falling to 4.2 percent and inflation easing, is this…
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