The Fed Issues A Warning As Household Debt Hits New All Time High

“While relatively low, credit card delinquency flows climbed notably over the past year. This is occurring within the context of loosening lending standards… The current state can be an early indicator of future trends and we will closely monitor the degree to which this uptick is predictive of further consumer distress.”

Source: The Fed Issues A Warning As Household Debt Hits New All Time High

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