Charlie Wise, SVP at TransUnion Research & Consulting, said the Federal
Reserve's decision to hold rates comes amid mixed signals from inflation, the
labor market, consumer spending and overall growth. With rates stable, recent
U.S. consumer credit trends are likely to persist: moderate loan growth and
lenders maintaining prudent risk management, which should remain the market's
prevailing stance in the near term. A steady-rate backdrop may also bolster
borrower confidence and increase the likelihood that consumers who delayed
big-ticket purchases such as homes and cars will resume financing decisions.
