Outstanding U.S. consumer credit rose $8.3bn in August, the smallest increase in
three months, the Fed said Wednesday. July was revised to a $17.7bn gain;
economists’ median forecast had been $15.0bn. The report excludes mortgage debt.
Revolving credit — primarily credit cards and other revolving debt — fell
$4.8bn, the largest drop since November 2024. Non‑revolving credit (auto and
student loans) increased $13.1bn. Industry data showed August auto sales growth
was the strongest since April last year.
