August consumer credit grew just $8.3B—half what was expected, lowest in three months.
People are pulling back. Whether it's caution, exhaustion, or tapped-out capacity, the American consumer is slowing down. This isn't a headline number. It's a behavioral shift.
When credit growth stalls, it tells you something about confidence, about runway, about what comes next. Watch the next few months closely.
People are pulling back. Whether it's caution, exhaustion, or tapped-out capacity, the American consumer is slowing down. This isn't a headline number. It's a behavioral shift.
When credit growth stalls, it tells you something about confidence, about runway, about what comes next. Watch the next few months closely.