Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- NY Fed data shows that total household debt increased by $16B to $17.06T in Q2.
- Within the details, credit-card balances increased to a series higher of $1.03T after a brisk increase of $45B on the quarter. Recall, yesterday’s monthly Fed data showed total revolving consumer credit increased $22B over the quarter to $1.262T in June, although that was after a $0.6B monthly decline in June for its first monthly drop since Apr’21.
- Back to the Q2 data, the $45B increase in credit card balances led the way, followed by $20B for auto loans and $15B for retail cars & other consumer loans by $15B. Mortgage balances meanwhile were largely unchanged at $12.01T and student loan balances fell by $35B to $1.57T.
Source: New York Fed
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok