9-12: MetroIntelligence Economic Update by P. DUFFY

August revolving credit use rose at highest rate since late 2017  Revolving credit surged at an annual rate of 11.25 percent in July, the highest increase since November 2017. Overall consumer credit increased at a seasonally adjusted annual rate of 6.75 percent, while nonrevolving credit use (such as for car loans and student loans) increased at an annual rate of 5.25 percent. https://www.federalreserve.gov/releases/g19/current/   Producer Price Index up 0.1 percent in August and 1.8 percent year-on-year The Producer Price Index for final demand rose 0.1 percent in August and was…

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