US consumer credit hit record $5.19 trillion in July with revolving debt (credit cards) surging to $1.36 trillion, signaling potential macro headwinds for risk assets.
Macro & Markets ·
US consumer credit reached a record $5.19 trillion in July with a monthly increase of $18.1 billion, marking the 13th consecutive monthly gain. Credit card debt hit an all-time high of $1.36 trillion as revolving credit jumped $2.8 billion, while non-revolving credit rose $15.3 billion to $3.83 trillion, the largest monthly increase since March 2025.