Visa's Strong Earnings and the Troubling State of Consumer Credit Card Debt in the US on Nostr: US Credit Card Metrics Deteriorate in Q1: DBRS =============== #89505000 ver:0.27 US ...
US Credit Card Metrics Deteriorate in Q1: DBRS
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#89505000 ver:0.27
US credit card metrics deteriorate in Q1 as delinquencies rise across all credit tiers and products, total outstanding credit increases, and credit card balances grow. The increase in delinquencies and decline in new account originations and utilization rates signal potential economic slowdown and increased consumer stress. Major credit card issuers experience weakened credit performance, with net charge-off and delinquency rates surpassing pre-pandemic levels. Rising consumer credit card debt and concerns about rising delinquencies add complexity to the consumer credit landscape. The Federal Reserve's interest rate hikes and potential rate cuts are factors to watch. #creditcards #delinquencies #consumercredit #economy...
#newstr #CreditCardMetrics #CreditCardPerformance #CreditCardDebt #Delinquencies #Chargeoffs #UsEconomy #InterestRates
https://here.news/story/89505000?ver=0.27
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#89505000 ver:0.27
US credit card metrics deteriorate in Q1 as delinquencies rise across all credit tiers and products, total outstanding credit increases, and credit card balances grow. The increase in delinquencies and decline in new account originations and utilization rates signal potential economic slowdown and increased consumer stress. Major credit card issuers experience weakened credit performance, with net charge-off and delinquency rates surpassing pre-pandemic levels. Rising consumer credit card debt and concerns about rising delinquencies add complexity to the consumer credit landscape. The Federal Reserve's interest rate hikes and potential rate cuts are factors to watch. #creditcards #delinquencies #consumercredit #economy...
#newstr #CreditCardMetrics #CreditCardPerformance #CreditCardDebt #Delinquencies #Chargeoffs #UsEconomy #InterestRates
https://here.news/story/89505000?ver=0.27