The consumer is without a doubt pulling back spending - major slowdown on its way!
Posted: May 09, 2024
- FRED will undergo scheduled maintenance on May 13 at 7 PM Central Time - Federal Reserve Economic Data (FRED) is a trusted data source since 1991 - The article discusses consumer loans, credit cards, and other revolving plans at all commercial banks - The data is in billions of U.S. dollars and is seasonally adjusted - The chart shows the trend in consumer loans over time, with shaded areas indicating U.S. recessions - The data is sourced from the Board of Governors of the Federal Reserve System - The article suggests related data and content based on the search - Categories include money, banking, finance, commercial banking, and more - Tags include revolving, credit cards, loans, weekly, consumer, banks, and more.
Summarized top reddit comments: - Consumers are pulling back on spending - Consumer debt may lead to bankruptcy - Warning signs from trends in credit card debt and consumer loans - Criticism of consumerism and high debt levels - Shopify's performance indicates trouble ahead - Concerns about consumer loan repayment - Humorous and inappropriate comments are made about the topic - Chart shows decrease in debt accumulation, suggesting a slowdown in spending.
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