FX.co ★ US Consumer Credit Unexpectedly Falls in May

Total US consumer credit slipped by $0.18 billion in May 2026, following an upwardly revised $20.82 billion increase in April and defying market expectations for a $17.1 billion gain. Revolving credit, which includes credit card balances, edged down to $1.34 trillion from $1.35 trillion, indicating softer short-term consumer borrowing. In contrast, nonrevolving credit, which covers auto and student loans, rose to $3.81 trillion from $3.80 trillion. On an annualized, seasonally adjusted basis, overall consumer credit was flat, as revolving credit shrank at a 4.7% annual rate while nonrevolving credit expanded at a 1.6% pace.