Credit Card Net Charge-Offs Rise, but Banks Remain Unconcerned
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Consumer credit card debt in the US has surpassed $1 trillion, with rising delinquencies and diverging credit trends. Delinquency rates for auto loans, credit card debt, mortgages, and personal loans have all increased, while new account originations and utilization rates have declined. Despite this, banks remain unconcerned as they see consumers as a source of economic strength. The Federal Reserve aims for a 'soft landing' by bringing down inflation without a recession, and investors expect interest rate cuts this year. #CreditCardDebt #Delinquencies #ConsumerCredit #EconomicTrends...

#newstr #CreditCard #NetChargeoffs #Banks #InterestRates #ConsumerCredit #Delinquencies #FederalReserve 

 https://here.news/story/89505000?ver=0.26