US EditionPredicting Credit Card Delinquency Rates
Summary by federalreserve.gov
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The increase in credit card delinquencies recorded in April, which continued in May and June, not only casts doubt on the continued consumption in the coming months, but could also affect financial sector stocks. This is according to the latest report by the consulting firm Labor, Capital and Growth (LCG), which warns that the problem, which was recorded according to official data up to the fourth month, is likely to worsen. "The default on fami…
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