Consumer Credit Cards Show Few Signs of Financial Stress

Jordan Pandolfo
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Jordan Pandolfo: https://www.kansascityfed.org/research-staff/jordan-pandolfo/

Economic Bulletin, 2024, 3

Abstract: Since monetary policy tightening began in March 2022, interest rates have risen across a range of consumer financial products, including credit cards. However, the consumer credit market shows little sign of financial stress as of September 2024. While credit card delinquency rates have increased among subprime borrowers, internal bank assessments suggest that subprime default risks remain historically low.

Keywords: monetary policy tightening; consumer credit markets; credit quality; financial markets; forecasts (search for similar items in EconPapers)
Date: 2024
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